I would like to run few scenarios of possible outcomes of Brexit saga. On this chart I have projected what might happen if we have No Deal. After initial mayhem I do believe coming summer/autumn 2019 things might calm down and we would have more positive outlook on GBP. Until then in case of this scenario I will be looking to buy
EURGBP
at pullback after making new high and adding to positions if everything start to deteriorate. Will be closely watching BOE monetary policy and hints of interest rate hike/cut. As always GBP is only one side of the pair and we must take into considerations jitters re Italy`s budget as well ECB decisions. Excited to see how this will play out
EURGBP
at pullback after making new high and adding to positions if everything start to deteriorate. Will be closely watching BOE monetary policy and hints of interest rate hike/cut. As always GBP is only one side of the pair and we must take into considerations jitters re Italy`s budget as well ECB decisions. Excited to see how this will play out