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Sterling (GBP) Week Ahead: Brexit Weighs Heavily on GBP | Webinar

Sterling (GBP) Week Ahead: Brexit Weighs Heavily on GBP | Webinar

Nick Cawley, Senior Strategist

Sterling and Brexit:

  • MPs demand to see full legal disclosure.
  • If Brexit vote not past, then no-deal or no-Brexit look likely.

We have released our Q4 Trading Forecasts for GBP.

IG Client Sentiment shows how retail traders are positioned in a wide range of currencies and assets. The data also shows daily and weekly positional shifts which can help in making trading decisions.

Sterling Eyeing Multi-Month Lows

The British Pound is once again on the backfoot and heading lower against a range of currencies as the Brexit vote in the UK Parliament nears. News that the Attorney General will be asked to show the full Brexit legal agreement – he is expected to release an abridged version – sent GBP lower and near important support levels.

UK data this week will take a backseat, while BoE governor Carney may have some tricky questions to answer on Tuesday when he speaks in Parliament. The latest BOE/TNS inflation outlook will be released on Friday ahead of the latest US non-farm payroll data.

Recent Brexit Articles:

Brexit Latest: Sterling Weakens as MPs Demand Full Legal Brexit Disclosure.

GBP: Current Brexit Deal Won’t Pass Through UK Parliament.

GBPUSD Daily Price Chart (May – December 3, 2018)

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

What is your view on GBPUSD – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author at nicholas.cawley@ig.com or via Twitter @nickcawley1.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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