GBP/USD and BREXIT

The possible BREXIT results and its influence on GBP/USD currency pair.

Your opinion?

Definitely, but I would not simply trying to predict any direction according to potential ''news''.

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.

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.

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.

May continue give statment in Brussels: ''Very clear that UK will leave EU, but not Europe''. Softer tone of Brexit talks, maybe?

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.

Immediate support level can be found around 1.2860/63, break below we are looking for further decline.

During major news releases or events with strong impact over economic development, support and resistances not always work as the rest of the time :)

Gbp/Usd seems limited to 1.3020/30 zone, continues showing no clear directional strength.

Brexit negotiations are showing ''no progress'', so does Pound. The pair is consolidating around 1.2950/60, no clear directional strength.

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.

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.

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.

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.

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.

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.

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.

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.