Zuhause

 

 

Those following the situation in the markets probably know that USD was displaying some serious signs of volatility earlier in the day and is not going to back down from it any time soon. On the contrary. As we are learning and anticipating more information about the greenback, its performance is only going to get more unstable. And right now, when there is a noticeable slide for the currency all of its peers are using the opportunity to grow. All of them but pound – the one we were talking about yesterday and the one that in 24 hours totally reversed its behavior.

 

gbpusd 4.10.2019

 

It is not easy to wait for Brexit and we as pound traders are the best ones to know this. Now, the biggest question is whether the Brexit deal is going to be reached or not. If not, then another postponing is going to be inevitable, although knowing Johnson, we can expect everything we can from him including not going in for a deal because of his personal views. These are the exact thoughts that go through our minds and it is clear now why the performance of pound has been so uneven today – imagine this many thoughts for hundreds of thousands of people. That ought to create chaos and lead to the situation we see today.

 

We can only hope that in the nearest future GBP/USD couple is going to stabilize until then we can use trading signals.

 

 

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