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GBP: miss-deadline drop
Information is not investment advice
Another weekend missed – another deadline missed. “Differences remain”. So, the pound dropped – here is what we have.
Against the US dollar, it was at the highs of 1.36 as the weekend was rolling in. But the deal wasn’t being rolled into the negotiations table, so the optimism left. As did GBP/USD: currently, it’s approaching 1.32. If no sign of an approaching deal comes in, it may well go below 1.32.
In the meantime, EUR/GBP rose from 0.90 to 0.92 and even inched above it. It’s too early to speak about 0.93 but if within a day or so there is no Brexit deal in sight, definitely 0.93 may be a potential target for bulls here.
Gaspar Markosyan
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