Key points to note is:
1) The UK will be able to negotiate, sign and ratify its own trade deals
2) The UK will still be party to existing EU trade deals with other countries
These are hugely beneficial agreements for the UK, as we saw in the massive jump in the GBPUSD. This news was a surprise to the market, resulting in a move of more than 150pips upwards.
Today, the focus will still be on the GBPUSD, with CPI data expected to be released at 2.8%. With this anticipation for inflation to return towards the BoE’s target range, this might be another positive towards the push for higher interest rates. Giving the GBPUSD legs to move higher, bouncing off the 1.4030 support level.
1) The UK will be able to negotiate, sign and ratify its own trade deals
2) The UK will still be party to existing EU trade deals with other countries
These are hugely beneficial agreements for the UK, as we saw in the massive jump in the GBPUSD. This news was a surprise to the market, resulting in a move of more than 150pips upwards.
Today, the focus will still be on the GBPUSD, with CPI data expected to be released at 2.8%. With this anticipation for inflation to return towards the BoE’s target range, this might be another positive towards the push for higher interest rates. Giving the GBPUSD legs to move higher, bouncing off the 1.4030 support level.
Ordre annulé:
not triggered
current reactionary drop in prices
sl in this example was too tight, but i'll still be looking for buying setups