GBP: Brexit Chaos Leaves Sterling Still Vulnerable to Whiplash Moves

GBPUSD

Fundamental Forecast for GBP: Neutral

Sterling (GBP) Talking Points:

  • UK PM may still face a leadership challenge.
  • Sterling roiled by a constant flow of Brexit bad news.

The DailyFX Q4GBP Forecast is available to download.

With the current fractured political backdrop within the UK, taking a position in Sterling has become a very risky trade as technical and fundamental analysis can be rendered null and void in seconds by commentary or unofficial announcements from a wide range of media sources and platforms. While Sterling volatility had been widely expected to rise as the Brexit clock ticked down, the current state of the UK political backdrop makes arguing for a position on GBP nigh on impossible.

The current state of play sees UK PM May possibly facing a vote of no confidence next week, while the draft agreement in its present form is said to be unlikely to be passed by the UK Parliament. This would leave negotiations in a stalemate ahead of calls for either a second referendum or a general election. The EU’s

Article source: https://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2018/11/16/GBP-Brexit-Chaos-Leaves-Sterling-Still-Vulnerable-to-Whiplash-Moves.html

GBP: Brexit Chaos Leaves Sterling Still Vulnerable to Whiplash Moves

GBPUSD

Fundamental Forecast for GBP: Neutral

Sterling (GBP) Talking Points:

  • UK PM may still face a leadership challenge.
  • Sterling roiled by a constant flow of Brexit bad news.

The DailyFX Q4GBP Forecast is available to download.

With the current fractured political backdrop within the UK, taking a position in Sterling has become a very risky trade as technical and fundamental analysis can be rendered null and void in seconds by commentary or unofficial announcements from a wide range of media sources and platforms. While Sterling volatility had been widely expected to rise as the Brexit clock ticked down, the current state of the UK political backdrop makes arguing for a position on GBP nigh on impossible.

The current state of play sees UK PM May possibly facing a vote of no confidence next week, while the draft agreement in its present form is said to be unlikely to be passed by the UK Parliament. This would leave negotiations in a stalemate ahead of calls for either a second referendum or a general election. The EU’s

Article source: https://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2018/11/16/GBP-Brexit-Chaos-Leaves-Sterling-Still-Vulnerable-to-Whiplash-Moves.html

GBP: Brexit Chaos Leaves Sterling Still Vulnerable to Whiplash Moves

GBPUSD

Fundamental Forecast for GBP: Neutral

Sterling (GBP) Talking Points:

  • UK PM may still face a leadership challenge.
  • Sterling roiled by a constant flow of Brexit bad news.

The DailyFX Q4GBP Forecast is available to download.

With the current fractured political backdrop within the UK, taking a position in Sterling has become a very risky trade as technical and fundamental analysis can be rendered null and void in seconds by commentary or unofficial announcements from a wide range of media sources and platforms. While Sterling volatility had been widely expected to rise as the Brexit clock ticked down, the current state of the UK political backdrop makes arguing for a position on GBP nigh on impossible.

The current state of play sees UK PM May possibly facing a vote of no confidence next week, while the draft agreement in its present form is said to be unlikely to be passed by the UK Parliament. This would leave negotiations in a stalemate ahead of calls for either a second referendum or a general election. The EU’s

Article source: https://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2018/11/16/GBP-Brexit-Chaos-Leaves-Sterling-Still-Vulnerable-to-Whiplash-Moves.html