Can't remember when I last posted on this thread, but anyway, thought I'd share what could be a major potential support level for GU at 12,500, so pretty much where we hit today.
In terms of Brexit, if this support turns out to be a turning point for this pair, it means good news, though not for us Brexiteers, for good news for cable can only mean bad news in our relationship with the EU, which equates to us actually staying in, in one form or another. I have long since given up the hope of leaving the EU, there is just too much at stake for the political establishment, and if one looks at it objectively, all sentiment aside, there is no way the result of the referendum is going to be honoured. I do not know how this will end, except that we will remain tied to the EU. Sterling may fly when this becomes fully apparent. My opinion, nothing more.
In terms of Brexit, if this support turns out to be a turning point for this pair, it means good news, though not for us Brexiteers, for good news for cable can only mean bad news in our relationship with the EU, which equates to us actually staying in, in one form or another. I have long since given up the hope of leaving the EU, there is just too much at stake for the political establishment, and if one looks at it objectively, all sentiment aside, there is no way the result of the referendum is going to be honoured. I do not know how this will end, except that we will remain tied to the EU. Sterling may fly when this becomes fully apparent. My opinion, nothing more.
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