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December, 20 - anticipation of Brexit vote is killing GBP

Watch out got the future. Even though this advice can be given at any given time in your life, today and at this time in trading it is the most accurate and important. After all, never has trading been plagued by so many challenges as nowadays.

 

What is going on right now? Well right now the debates on Brexit are ongoing. Those who want to follow these debates can watch them right here. Naturally, the talks are going to result in the vote in less than two hours. And surely, MPs’ decision is going to influence everything – they can either vote on leaving in the end of January or staying in EU until the perfect deal can be reached. But is it possible at all? Doesn’t seem so.

 

gbpusd 20.12.2019

 

GBP/USD has been on a fairly strong slide for a week now. Ever since traders understood that no-deal Brexit is not only possible but very likely as well, they have been dropping GBP like crazy. Of course, this also coincided with the recovery of USD – a move that was anticipated, but still took us by a little bit of a surprise. There was no way that GBP could withstand the pressure that was coming to it.

 

Looking at a week-long chart for GBP we wonder – when will it recover? Well, not in the next 1.5 hours, after that, maybe.

 

If you want to spot the exact place of recovery’s start, you can always follow it with our trading signals.

 

 

Lang

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