Should brexit impact only pound it should impact euro as well, the all time high is at .9700. Given the price trend of last five years and interest rate differentials widening due to anticipated eurozone rate cut, euro/gbp doesn’t look like going far even if hard brexit happens ! So i would look for building short for massive drops !
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Took first short around .923 and looking to build another on .9300
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The impulse down has started , hang tight until .9000 level is reached
We shall see more action on pound after british parliament opens in first week of September
We shall see more action on pound after british parliament opens in first week of September
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Taking profit at .89100 prior to ECB press conference tomorrow
