22.03 - what is pound going to do next?
- by Anna K.
Pound traders and rejoicing today as European politicians voted FOR giving Great Britain the right to go with late Brexit. Now in order to give May some time for preparing a proper Brexit plan, Brexit is going to happen on May, 22. And even though this delay poses even more difficulties for pound and for Great Britain as a whole, it seems that this is enough for pound traders in order to feel comfortable with trading today.
The chart is showing the movement of the GBP/USD couple today. Although there are small retracements, we can see that the currency is on a clear uptrend. If this pace is kept, pound has all the chances to gain enough strength for Brexit to go smoothly.