Last week it was so nice not to have to follow every move of the pound, you know? After all, Brexit has been dominating the news for a long time, it is only natural that we were going to get tired from shedding the light on the process eventually. But the week starts off in the way that deems our Brexit ignoring impossible, unfortunately. How so? Well, you can see that pound is already more volatile than we would care for. And, of course, there is reasoning behind it.
Today British MPs are taking a vote on the same Brexit deal that they rejected last weekend… again. I am not sure why voting for the same stuff is necessary, but such are the rules. We can probably guess what the outcome of the vote is going to be, but it is still very hard to understand – how much longer is this going to take and are we going to be able to come out of this situation winners? Well, today it is hard to day. The volatility is too string and we are still to see the outcome for the vote, that come later in the day. What is it surprises us? What is MPs somehow accept the deal? Well, that is going to be a shock for both – us and the markets. we are so used to GBP/USD being volatile before the vote and rising after it is failed, that it is hard to imagine it do anything else and the outcome be any different. But, that is true – there is still a possibility that the deal is going to be accepted. That is when we are really going to come face to face with the unknown.
And in order not to be caught off guard, use your GBP/USD trading signals right now!