Despite of all of the volatility and all of the things that we have to think over today, I can say that trading-wise it is a slow Monday. Some of the major countries are on holidays today and there are no reports to look forward to. Everything has already been presented and the only thing to wait for is a speech by Jerome Powell, but that is not going to happen until later in the day. So now we have the time to slow down a little bit and think about the nearest future of our trading. And what is the most significant thing that is waiting for us these days?

Well, I’d say that it is the future of GBP.

Yes, we are only 5 working days away from Brexit. I’ll remind you that the date was set on October, 14 and while we are still kept in the dark about whether there is going to be a deal or not, I can say, that if there is no deal, Johnson is going to be obliged to ask for more time as no-deal divorce is just not in the cards for EU. But that is for history top decide. All we can do is watch out for GBP performance. And I have to say – GBP started to understand what might just happen to it in the nearest future and the volatility is simply horrible today. The couple is losing and gaining positions just as rapidly. Brexit starts to be the most dominant thing in the news and while that is no news, the power of the narrative starts to scare traders away from the couple. Although risk-hungry participants of the market are still staying.

What will happen with GBP over the week? We are going to follow its every move and tell you everything note-worthy.

Use your trading signals in order to be sure about every move of GBP/USD.