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GBP/USD and BREXIT
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genesis2020

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

Your opinion?

csc2009

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


BaldoN

Member Since Feb 12, 2016  503 posts Baldo (BaldoN) 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.

stian

Member Since Nov 14, 2015  308 posts stian 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.

BaldoN

Member Since Feb 12, 2016  503 posts Baldo (BaldoN) 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.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 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?

csc2009

Member Since Apr 09, 2014  834 posts csc2009 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.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Jul 10 2017 at 06:34
Immediate support level can be found around 1.2860/63, break below we are looking for further decline.

BaldoN

Member Since Feb 12, 2016  503 posts Baldo (BaldoN) 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 :)

csc2009

Member Since Apr 09, 2014  834 posts csc2009 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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