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March, 20 - GDP didn't react well to Brexit postponing

As we all know There May failed to make an attractive Brexit plan that would suit all of the British MPs and as a result it was rejected by the parliament in a vote last week. Now May was forced to make a statement saying that Brexit is going to be postponed and instead is going to happen June, 30. Of course changes like that didn’t sit well with pound and with its traders who immediately sent the currency into the selloff.

 

usdgbp 20.03.2019

 

As can be seen in the chart the already weak pound was further weakened by the statement of the Prime Minister and although right now there is a slight comeback there is no guarantee that further reaction of the public is going to be uplifting.

 

What direction pound is going to assume now there is no way to tell, but it is certain that trading signals are of great help right now.

 

 

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