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October, 18 - remember about the future of your trading

 

As we are going away for the weekend I wanted not so much to talk about the present situation in the markets, but about the future of one very particular couple: GBP/USD. That is right. Just as I said yesterday, we are trying to pull out from the webs of pound, but are still too firmly gripped inside of it. So, we have to remind ourselves that this weekend is very important for pound and for the future of its trading: this weekend British parliament is going to take a vote on Brexit and the new deal and from this vote the future of the whole country depends.

 

gbpusd 18.10.2019

 

So, when you start the next week it is most likely that you are not going to see the couple consolidate like it does right now. It is likely that we are going to see GBP in such turbulence that we have never seen before. Some even speculate that pound is going to be the most volatile currency in the markets for the entirety of the next week, so it natural that we are going to worry about that.

 

What we need is to remember about these risks and walk into the next week trading with a cold head with plan all thought-through. So it is good that I have warned you about the future of pound, isn’t it?

 

The rest will be taken care of by our trading signals.

 

 

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