GBP/USD and BREXIT

genesis2020
genesis2020
Mar 23, 2017 at 15:40
1,996 Views
56 Replies
genesis2020
genesis2020
Member Since Jan 17, 2017   8 posts
Mar 23, 2017 at 15:40
The possible BREXIT results and its influence on GBP/USD currency pair.

Your opinion?
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Mar 27, 2017 at 05:39
Definitely, but I would not simply trying to predict any direction according to potential ''news''.

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BaldoN
BaldoN
Member Since Feb 12, 2016   522 posts
Mar 29, 2017 at 13:15
Hello,
If any influence appears, this will affect GBP in all crosses not just GBP/USD.

My opinion is: Brexit is not news or unexpected market event and the market already priced it. So, basically a sharp or strong movement in GBP against the rest of currencies may appears, if anything that was not released so far came out. Al the rest is already calculated in current rates.
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stian
stian
Member Since Nov 14, 2015   325 posts
Mar 29, 2017 at 13:22
Brexit trigger is not a mover. Its been expected since well, the vote. Its all about what the negotiations will yield. The lower pound came after the Scottish vote to have another referendum yesterday.
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BaldoN
BaldoN
Member Since Feb 12, 2016   522 posts
Mar 30, 2017 at 08:38
Hello,
This is correct - Brexit trigger is not a mover.
The market will react strongly on something that is not expected: either something positive where the investors (big guys) will find option to make money, or negative and they will react because of the fear.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Jun 25, 2017 at 23:15
May continue give statment in Brussels: ''Very clear that UK will leave EU, but not Europe''. Softer tone of Brexit talks, maybe?
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Jul 03, 2017 at 06:19
Gbp/Usd failed stay above 1.3030 level, correction movement continues before UK PMI data. We have a busy week ahead of us for both dollar and Pound which would change the trend.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Jul 10, 2017 at 06:34
Immediate support level can be found around 1.2860/63, break below we are looking for further decline.
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BaldoN
BaldoN
Member Since Feb 12, 2016   522 posts
Jul 14, 2017 at 08:38
During major news releases or events with strong impact over economic development, support and resistances not always work as the rest of the time :)
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Jul 24, 2017 at 06:50
Gbp/Usd seems limited to 1.3020/30 zone, continues showing no clear directional strength.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Sep 04, 2017 at 06:31
Brexit negotiations are showing ''no progress'', so does Pound. The pair is consolidating around 1.2950/60, no clear directional strength.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Sep 11, 2017 at 06:40
While the pair maintains strong upward momentum, rising to resistance level at 1.3225, the lack of progress on Brexit talking could hold back the gains this week.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Sep 18, 2017 at 06:33
Pound hit the highest since Brexit talk started, found resistance around 1.3615/1.3620 zone. I'm expecting consolidation in the beginning of the week before the pair uptrend extend further.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Oct 09, 2017 at 06:34
The absence of a clear Brexit strategy continue drive the pair down, limited upward correction movements while Gbp/Usd is still holding above 1.3000 psychological handle.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Oct 16, 2017 at 07:26
This week all focus on the EU summit and Theresa May's 'emergency' trip to Brussels on Monday, it's all about Brexit these days.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Oct 23, 2017 at 06:25
Gbp/Usd is neutral around 1.3180/90, showing no clear directional strength for now. Market continue to focus on any further Brexit development and we have UK GDP this week too.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Oct 30, 2017 at 07:41
Brexit talks continue to be in centre stage, Theresa May under pressure to leave EU with no deal. Pound is consolidating in the negative territory just above 1.31 level, showing no clear directional strength for now.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Nov 06, 2017 at 07:52
Brexit negotiations have seen no progress so far, uncertainty of the future Brexit talks will remain pressure on Pound. Gbp/Usd is consolidating around mid level between 1.30 to 1.31, showing no directional strength short term.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Nov 13, 2017 at 07:29
Gbp/Usd reacted on the news that 40 members of the PM's Conservative party signing a letter of no confidence in Theresa May's leadership, opened the week with bearish gap and drop to around 1.3120 level. I'm expecting further decline on Pound.
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csc2009
csc2009
Member Since Apr 09, 2014   834 posts
Nov 20, 2017 at 07:46
Gbp/Usd continue ranging between 1.302 and 1.325 with limited upward strength. The market continue to focus on Brexit.
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