Despite the fact that there is lot of stuff going on the markets today, we still are going to focus on GBP. Just as I promised in the beginning of the week. After all, today is the last day before we are going to have to see Johnson go to EU and ask for another postponing of Brexit – such is the law in this situation. But we are just hoping that whatever is going to happen next it is going to have the same influence on pound, as the things that are going on today – after all GBP/USD couple is going though the best and the strongest performance surge since 2017, and as you can imagine for the currency in this situation it is very hard to do. So, we are witnessing something of a miracle.
Today pound is surging on rising hopes that were given to us by politicians – deal is possible. But it is probably going to take time, which we are okay with. And as we can see, pound is just fine with news like that as well. Finding a ‘pathway’ for Brexit and for the issues that is poses is the key element is our situation. Johnson simply must find a way to keep a deal Brexit on the table otherwise we are going to have a political and financial catastrophe on our hands.
Such is the Brexit and GBP news for today.
Be sure to add our trading signals to this news and win in the situation.