If you were to look at the chart of GBP/USD today, you would understand – this is so not the couple for trading today. And yes, I know – we have been paying too much attention to GBP as of late, but it seems impossible to escape British currency now. Brexit and all of the economic troubles that are plaguing the country at the moment are simply not letting us focus on anything else. And of course the turbulence of USD is not making trading the couple any easier, no matter how hard we try to deal with the shakes.

And today the annoying changes of pace of GBP make just take the hardest turn ever. Today we are not simply waiting for some report, today we are expecting to hear from the officials from the Bank of England who are going to announce their decision on inflation rates. And even though experts are saying that changes here are not so likely, we are still pretty skeptical. There is no way that Johnson shutting down the work if the parliament and refusing to go on and extend Brexit dates as well as trying to push through a no-deal Brexit didn’t have its influence on the performance and state of GBP. If the rates are not risen today, they are going to be elevated the next time around. And that is the real threat here.

We are watching GBP so closely and so often these days because we have to – our win rate is fully dependent on the performance of the currency and we need to protect our money from the volatility of the market.

Use your trading signals now to be fully protected.