Forex Fundamental Analysis – Reports about a Possible extension of the Brexit process are “pure speculation”


GBPUSD trading plan:

U.K. Prime Minister Theresa May and European Commission President Jean-Claude Juncker agreed that work on the Brexit agreement should be concluded before a summit of European leaders on March 21. Reports about a possible extension of the Brexit process are “pure speculation” said European Commission spokeswoman Mina Andreeva. This is a bad signal for the British currency! For most major banks, based in Britain, Brexit is the biggest concern. The ECB and the Bank of England are preparing for a possible financial crisis. The situation is tense and it prevents the pound from demonstrating a bullish trend.

Trading recommendation: range 1.3080 -1.3155.

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