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GBP/USD Signal - UK Parliamentary vote on Brexit - 14 Mar 2019

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Yesterday, the British pound reacted positively on rejected no-deal Brexit, the uncertainty over article 50 extension will keep investors in abeyance. With second Brexit referendum looming, the bearish pressure over GBPUSD seems abated for now but forex traders might expect higher volatility. Bigger drops are also on the cards for this week.

gbpusd signal 14 mar 2019

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.