No matter how hard we try, we are always ending up in the firm grips of GBP/USD couple. And we are trying really hard to keep an eye on the other assets, but somehow the path always brings us back towards pound and the situation around it. And right now it is with good reason as we are hearing that Brexit deal was finally reached – such is the news coming from the heads of both of the governments. And one would think that we clearance finally brought into the situation, pound would finally be traded freely, but somehow it is not true.
As we have come to know, pound really dislikes Brexit and every move close to divorce is only bringing pound lower. And right now it is exactly what is happening. Yesterday at the same time we were watching GBP climb higher and higher on the cart, peaking at the highest point since May and after having reached a consolidation level we were hoping that the chart would calm down just a little bit. But the miracle did not occur. Moreover, now we are stuck with the falling pound as now it becomes clear to traders – divorce is going to happen after all and British economy is going to get the hit we were all so afraid of. That is only making things worse.
We night be in the beginning of a huge downtrend now.
Never forget to use trading signals, especially on GBP/USD couple.