Stalking Sterling for next week – as Brexit panic sets in.
In the screncast I start off with GBPAUD on a weekly time frame and move on into much lower time frames across other pound-pairs.
The geopolical/macroeconomic picture for the UK with Brexit, creates uncertainty.
There are reliable reports of preparations for pharmaceutical stock piling, big push in logistics sector for storage of tinned food and firelighters and Whitehall preparing ‘war games’ scenarios. Such preparations would not be happening if there was no realistic probability of a hard Brexit.
The issue of course for us traders is not about Brexit as a politico-economic event. We need to be prepared to make some money out of it. Right? This is not a moral issue for me, but if it is for some traders, then avoid Pound pairs.