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October, 15 - what is the situation around pound today?

British pound is demonstrating a very surprising and very unexpected resilience today. After all, we have gone through the day of the supposed Brexit with almost no losses and now that the process of divorce between EU and GB is pushed back to January we can relax. And it seems that pound though the same. After all, now we can see the real situation around Brexit and British economy alike and not be distracted by the overall bad outlook on Brexit. Plus, today we are waiting for the speech of the head of Bank of England who is supposed to give us more info on the situation.

 

gbpusd 15.10.2019

 

Well, at least we hope that BOE head is going to shed more light on the situation surrounding the future of pound. And it seems that traders and investors are hoping for the better future for the currency couple as there seem to be no doubts with the buying pace taken on by the trading community. Is pound safe for now? Well, it can say that it is safer than it was a week ago when we very still waiting for the resolution of Brexit deal-no deal business. Now, when Brexit must be pushed back it is easier for us to fixate on the present state of pound rather than the future one.

 

And in the present trading signals are going to help us trade GBP/USD.

 

 

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