GBP/USD Daily Price Forecast – GBP/USD Continues to be Stable

The pair has been trading strongly despite the confusion and the uncertainty that seems to be dogging the Brexit process
Colin First
GBPUSD Monday
GBPUSD Monday

The GBPUSD pair has been taking a bit of a hit over the last few days as the confusion and the uncertainty over the Brexit process continues to haunt the markets at this point of time. There has been no clarity from the government on how all this is going to pan out over the next few months and the clock continues to tick by making it very difficult for the leaders on either side to find a way out of the mess. The situation did seem very much under control a few weeks back with the Brexit process going on smoothly and the leaders on either side agreeing for most of the terms.

GBPUSD Continues to Trade Strongly

But the situation became worse as the leaders began to discuss on the more difficult points and this brought forth a lot of confusion and this affected the talks to a great extent. At the same time, the leaders on the UK side found this as an opportunity to pounce on the existing office of May as the PM and this has only added to the confusion in the short and the medium term as well. Now, no one is very sure about how all this is going to pan out in due course of time and this is only going to make things worse.

GBPUSD Hourly

But it is to be the credit of the pound and the bulls behind it that it has managed to hold the 1.30 region so far despite the strength in the dollar, that we have been seeing in the markets over the last few weeks and despite all the uncertainty that continues to surround the pound at this point of time. No one seems to be able to make up their mind on which way, Brexit or not, is good for the UK in the long run and this has helped the pound bulls to make a stand around the 1.30 region and hold up the pound for the medium term.

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Top Promotions

Top Brokers

IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US