And so – Brexit. It is comforting to know that we are never going to have to worry about it ever again. Of course, right now we are only in a transition period with UK and EU needing to settle economic and political rules anew, but Brexit itself has already happened and just in time, I might add. We were starting to get agitated with the longevity of the process. And now is the perfect time to see what economic effect a process like that has on the national currency of both sides.
Pound doesn’t do so well. We can see that with the beginning of the new trading month, it has fallen lower with perspective of the country looking pretty gloomy. Businesses are probably going to keep on leaving as they have already started several years ago. Economic and political connection are lost and UK is going to have to build everything anew. Surely we knew what effect Brexit was going to have on British economy, but actually seeing it is a totally different ordeal.
Euro in its turn is not doing so hot either. Political and economic changes across the world have not spared European currency as well. And there are absolutely no surprises there. With Chinese virus spreading and Brexit finally happening the fall of euro is absolutely of no surprise for us.
But, looking at EUR/GBP chart it is clear that European currency is much-much stronger right now, so we should rely more on euro to recover rather than on GBP.
Which one is going to be stronger is the question to be answered with our trading signals.
And so – Brexit. It is comforting to know that we are never going to have to worry about it ever again. Of course, right now we are only in a transition period with UK and EU needing to settle economic and political rules anew, but Brexit itself has already happened and just in time, I might add. We were starting to get agitated with the longevity of the process. And now is the perfect time to see what economic effect a process like that has on the national currency of both sides.
Pound doesn’t do so well. We can see that with the beginning of the new trading month, it has fallen lower with perspective of the country looking pretty gloomy. Businesses are probably going to keep on leaving as they have already started several years ago. Economic and political connection are lost and UK is going to have to build everything anew. Surely we knew what effect Brexit was going to have on British economy, but actually seeing it is a totally different ordeal.
Euro in its turn is not doing so hot either. Political and economic changes across the world have not spared European currency as well. And there are absolutely no surprises there. With Chinese virus spreading and Brexit finally happening the fall of euro is absolutely of no surprise for us.
But, looking at EUR/GBP chart it is clear that European currency is much-much stronger right now, so we should rely more on euro to recover rather than on GBP.
Which one is going to be stronger is the question to be answered with our trading signals.And so – Brexit. It is comforting to know that we are never going to have to worry about it ever again. Of course, right now we are only in a transition period with UK and EU needing to settle economic and political rules anew, but Brexit itself has already happened and just in time, I might add. We were starting to get agitated with the longevity of the process. And now is the perfect time to see what economic effect a process like that has on the national currency of both sides.
Pound doesn’t do so well. We can see that with the beginning of the new trading month, it has fallen lower with perspective of the country looking pretty gloomy. Businesses are probably going to keep on leaving as they have already started several years ago. Economic and political connection are lost and UK is going to have to build everything anew. Surely we knew what effect Brexit was going to have on British economy, but actually seeing it is a totally different ordeal.
Euro in its turn is not doing so hot either. Political and economic changes across the world have not spared European currency as well. And there are absolutely no surprises there. With Chinese virus spreading and Brexit finally happening the fall of euro is absolutely of no surprise for us.
But, looking at EUR/GBP chart it is clear that European currency is much-much stronger right now, so we should rely more on euro to recover rather than on GBP.
Which one is going to be stronger is the question to be answered with our trading signals.