Boy, did we have a lot of troubles from a lot of instruments last year. We had to deal with EUR instability and USD-imposed volatility. We had to follow the prices for oil and Japanese national monetary policies changes. There was a lot to follow and to watch, let’s put it that way. But, arguably, GBP gave us the most troubles in 2019. All the Brexit uncertainty and elections mess, deal-no deal business – all of that gave us a lot of reasons to worry and to sell GBP/USD couple off. And I have to say, regrettably, the new year begins with just the same troubles and just the same tale as we have already heard and dealt with before.

As the markets closed down for the holidays, liquidity fell with astonishing speed and strength. We are hoping that in the nearest couple of hours we are going to see the recovery of this fact and of the major assets. But, nothing can remedy the fact that on just 29 short days Brexit IS going to happen. Nothing can help it – such was the decision of newly-elected British parliament. And of course, traders remembering about that make the only right decisions here – selloff.

GBP/USD starts the year off on one of the worst slides in recent GBP history, and we have seen enough of those, I have to say.

So, for the next three weeks GBP is going to be in the center of our attention a lot. Just because Brexit is going to be influencing its trading A LOT. Are you ready for the rollercoaster? I am sure it is not nearly as scary with our trading signals!