11.03 - GBP is failing due to Brexit uncertainty
- by Anna K.
We might have forgotten but Brexit – the process of United Kingdom leaving the European Union is due at the end of this month. And right now we see that Theresa May – Prime Minister of the UK is desperate to get some approval on her project of UK leaving the Union. It is predicted that tomorrow, when May presents yet another draft for the process, it is going to be rejected by the lawmakers of the country. That brings unnecessary and unwanted jitters to the national currency of the country – pound as we see it struggling to find necessary strength.
It is in fact showing weakness as can be seen by today’s performance. Traders prefer to get rid of it as we are getting closer to the decision-making time.
What if the project is approved and May wins it all? What will we do then? Only trading signals can give us the answer of the future behavior of our favorite assets.