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August, 29 - GBP/USD is falling further and further down

The talk of the town – pound.

 

Today we are talking and watching the pound. Yes, yes, British currency is attracting the attention of traders and investors. So, what is happening there?

 

Well, Boris Johnson has paused the work of the Parliament and asked the Queen to approve the pause yesterday. Of course we were hoping that the Queen was not going to approve the request. But alas! The Parliament is not going to work for the whole September depriving MPs from the chance to work on Brexit deal. And this in its turn is going to deprive pound from any of the chance for the bright future after the divorce.

 

gbpusd 29.08.2019

 

And what do we see today? Pound failed to withstand the pressure as soon as the news broke. And that is the glimpse into the possible future of pound – uncertainty and fails.

 

Right now GBP is trying to rebound and recover from the fall taken by it, but it seems that traders do not have enough trust in pound and are not ready to help it rise. So for now we have to make our peace with the volatility of pound.

 

Use your trading signals to be sure in the future of your trading.

 

 

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