Only 16 days to go! You do understand what I am talking about, right? Of course, I am talking about Brexit. In just 16 days UK is going to withdraw from EU and that is going to be the end of their turbulent and difficult marriage to each other. And surely, as days go by we feel that it becomes more and more difficult to trade GBP/USD couple as day after day it becomes more and more volatile. And today there is also something that is going to keep the turbulence going.

For example, we are going to hear MPC Member Saunders’ speech – it is important because BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. There is also going to be CPI y/y report. Its sense is that consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. These two have all the chances in the world to bring in more turbulence for the couple and we will have to deal with the consequence of it.

GBP becomes more and more intolerable the closer Brexit gets. It is quite understandable, but we are also hoping that after it happens, we are going to be able to trade without any turbulence.

In any case, it is good that we have trading signals to rely upon.