lots of left & right media plays may be there like yesterday but actually seems only one option left by 15th , vote down to sell of gbp to the previous bottom or new to get life of hope to rally up as the news become the past . next vote pass to correct as usual to continue rallying as doing now .so in all cases it should rally up ultimately with great high ranges of about 1000 pips !! good post . not much differ from chart analysis .
Here's why traders are bracing for a volatile British pound ahead of vote on May's Brexit plan
British pound traders are gearing up for a potentially volatile week as U.K. Prime Minister Theresa May finally brings her Brexit deal with the European Union to a vote in Parliament on Tuesday. May was initially meant to submit her controversial plan, which is deeply unpopular within her own Conservative party, to a vote in December, but postponed it in order to avoid defeat. Market participants remain skeptical that May will prevail. “We expect a majority of MPs to vote against Theresa May’s Brexit deal on Tuesday,” said UniCredit analysts Kathrin Goretzki and Daniel Vernazza, though they “do not expect to see an immediate major reaction ... (full story)
- Posted: Jan 11, 2019 3:31pm
- Submitted by:Category: Fundamental AnalysisComments: 3 / Views: 3,095