Pound-dollar. The combination of these two currencies is quickly becoming a synonym to disaster. We are getting tired of following the couple, but to our disappointment we cannot simply give it up, as it is one of the most important couples in the markets. And this fact alone is enough to make us watch it more often than any other couple. You combine it together with Brexit and total instability of the couple’s chart and there you have it – the source of our attention towards the Cable.
And the couple is not having the best day, by the way. In case you are not spending your days tracking the movements of GBP/USD chart, two things.
First – lucky you!
Second – the currency was growing in the morning, and now we can see a pretty obvious and pretty strong slide. All due to the fact that today is the day when British parliament is going to vote for the deal, brought by Johnson in the end of last week. and there is a rumor going around that MPs are going to fail the vote and make Johnson push Brexit further in time. At least such this is what we are getting now. Knowing the previous behavior of these participants of the deal, I would not be surprised.
Pound, on the other hand, has been and is suffering from such a see-saw in the world arena. Traders’ faith in and attraction to pound is blown to pieces and it seems that we need to wait years for it restore to the usual per-Brexit level.
Watch out for the sudden moves of the couple with our trading signals.