As I promised yesterday, this week we are going to be keeping a closer look on GBP as this might just be the last relatively easy week when we can trade GDP with no unpleasant surprises. Or so we thought. It seems that GBP is not ready to let us off easy especially given that its performance doesn’t really depend on us – it depends on the words and actions of Boris Johnson and his European counterparts.

And it seems that these two parts of the conflict are barely ready to make peace. There no deal in sight and the situation with the divorce process is not really changing. Instead we get the opposite of the progress – stagnation and weakness. Yes, yes. These are the only two things in cards for the British currency. Plus, the currency took a tumble after the President of the European Council, Donald Tusk, tweeted Boris Johnson was trying to win a blame game over Brexit. "What's at stake is not winning some stupid blame game. At stake is the future of Europe and the UK as well as the security and interests of our people. You don't want a deal, you don't want an extension, you don't want to revoke, quo vadis?". Pound didn’t withstand such pressure and after the accusation is tumbled. Will there be recovery? Very unlikely.

I predict that this is not the first time when we are going to turn our attention towards GBP this week. Although the most ‘fun’ is only going to start next week.

At this time, I do not know how I would trade without trading signals.