JP Morgan: It's too early to sell the British pound

I will take this as a signal to sell...

Right now anyone who tries to insert certainty in the GBP as the election looms over is definitely bullshitting. No one can tell where GBP will fall and it's a quick way to wipe out your account if you don't mitigate your risk properly. I'm not even touching GBP until the election.

When will be the election date and some important events?

Heh. I was not really going to enter a trade here. I was more making a point that I don't trust JPMorgan to tell me the truth.

Oh no I totally got you I was agreeing with not listening to JPMorgan and pretty much anyone else who says to take a GBP position either way. It's a crock of bull and no one can say which way it will go until we see the results of the election. I totally agree that a lot of these guys are just spewing crap at this current moment.

This elections will do nothing new in divided GB. Whatever the outcome. They just play russian roulett. May: "KLICK", Johnson: "KLICK", election:...

But pretty soon, (later this month), it will be a great time to buy the British Pound