GBPUSD – Critical 1.2660 as markets adapt to reality
The easy part of Brexit deal (agreement with EU) is done and now let’s do the business at home. Mrs May is facing a wall of a no-vote in parliament (70% probability as of now) and the 1.2660 level is of importance as we head towards the endorsement by Parliament likely to take place before Christmas. As the UK does not know what it wants, the mood and discussions can go sour and we can see rallies being sold.
The EU Summit on Dec 13-14 or next one on Mar 21-22 are on the calendar as well, but with little importance as of now. Unless we have a new referendum on the cards.
Should you have any questions feel free to contact us anytime.
Good luck Champs!
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