I would personally steer clear of this pair. After a long time, we are still stuck in no man's land with this pair. This pair has seen a lift-off like right now, but mainly due to Praet's speech, I would surmise. Won't be surprised if the Euro steroids wear off later and/or positive GBP news wrecks this pair again. There was a time when I liked this pair, but not anymore. Just my two cents.
Pound is dying today. There might be a bounce up this evening but it is pretty bad news before weekend. I expect it could open lower on Monday as well. Be careful on this one. As we get closer to brexit he volatility will increase
GBP/USD started a strong increase above the 1.3100 resistance area and climbed to 1.3200. EUR/GBP is currently correcting higher, but upsides remain capped in the near term. Important Takeaways for GBP/USD and EUR/GBP The British Pound started a sharp upward move from the 1.2980 swing low.
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