Cable Update (GBPUSD)

EU need to fill my pending order at 1.1335
so cabel must follow while big brother playing downside
be patients..
will be back upside in fews hour or us open or monday️

Since Brexit, EUR and Sterling not correlation anymore, not big brother anymore. This case similar with Oil and UCAD in 2008. Take care...mate

Brexit is not the first case. The first case was SWISSXIT 1992. Swiss out from Brussel & The Gang

Nice to see you around ridge. suprise

We are waiting EU to make a last low and its over

Good price. Will see EU go below 1.1320 and from below that figure it will reverse

Nice to see you Robin and all traders.Here is my advice "sell in May and go away"

EU is my reference today

"Buy the rumour, sell the news"
Hope price is surfing down the upline channel...
The thing i dont like it seems H&S and we are at the bottom of right shoulder, hope im just delirium.. ?

EU will tell me when to add more GU. I am not buying EU because i could not find its gravity centre so no idea where to exit. Probably exit when GU makes its big pullback around 1.3600/1.3700 by just before cristmas

Xandi. good to see you feeling better. nice

[quote=LeanhoneyJD;11726454] It's Robber Bank Enterprise Edition 3:0
Soooo Germany bad news, pound dump????. Yeah, logical

Trade safe

I´ll be back is the only one missing. Wonder where he/she is

Interesting movement, I wonder if it'll get pass 1.29276 today

Not sure whether its today.

I took a price vitamin medicin! Think i need another one, finding that stonehenge that slap price really down! Hehejejehe

In addition to the exit agreement, London and Brussels yesterday also agreed on a political declaration on the future relations between Great Britain and the EU. Even though some member states stated their displeasure with certain text passages it can be assumed that the EU heads of state and government will give their agreement to the two papers at the summit on Sunday. Sterling appreciated significantly yesterday as a result of the news that the UK and the EU are aiming for close trade ties (in the shape of a comprehensive trade agreement). That is all very well, but is this political declaration worth anything if the British Parliament does not agree to it? I can only explain the positive market reaction as illustrating the market’s hope that there still somehow will be an orderly Brexit in the end. Option market pricing for hedges against a collapse of Sterling is also pointing in this direction. Even though prices shot up last week, they still remain well below the levels seen in 2016. To my mind that can only mean that the majority of market participants still does not consider a no deal Brexit to be very likely. The other explanation would be that they consider the negative effects of a no deal Brexit to be lower than those of the Brexit vote in 2016, which would be completely illogical. After all we are talking about a decision that will have far-reaching effects on the real economy in the immediate aftermath of 29th March; contrary to the EU referendum in 2016 where the day after things basically continued as before. The strong Sterling depreciation following Brexit Minister Dominic Raab’s resignation also suggests that the market previously considered the risk of a no deal Brexit to be lower.

But why is the market so much more relaxed about Sterling than it was before the Brexit referendum? First of all this is likely to be due to the fact that the EU referendum could only result in one of two possible outcomes: a majority decision to remain in the EU or that to leave the EU, while the latter option seemed a very abstract concept for most at the time – and as it now seems that also included the Brexiteers. Of course the British Parliament will either vote for or against the exit agreement in much the same manner, but already now various scenarios are imaginable of what may happen in the more likely case that the MPs vote against the deal. In addition to a no deal Brexit amongst the options are renewed general elections, a second referendum as well as an extension of the negotiations. In other words: everything is possible, including the scenario that Brexit will be entirely off the agenda. And this view is entirely understandable. After all the past few weeks, if not the past 1 ½ years, have taught us that politics in the UK can be pretty unpredictable. However, that means for Sterling investors: if there is a no deal Brexit after all, Sterling depreciation might be much stronger than was the case after the EU referendum as the market is not as prepared for this scenario as it was back in 2016.

You have taken some time to write this, nice. GU and EU is Pound/Dollar, Euro/Dollar. Hasn´t it been the Dollar the real issue of pound and euro weakness? This report is to reference with EUR/GBP in my opinion. If we look at the Monthly chart some could see a doble top forming.