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GBP USD SHORT POSITION - Wealth X Network

Por WealthXNetwork
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OUTLOOK: BEARISH
BRITISH POUND GROANS ON PROLONGED BREXIT NEGOTIATIONS
Nota
GBP remains suspended by political angst over the resolution of an almost five-year divorce agreement between the United Kingdom and European Union. Last week, EU chief Brexit negotiator Michel Barnier tweeted guidelines for businesses to prepare for potential cross-border friction after the December 31, 2020 deadline. In the report, it states that:
Nota
There will be broad and far-reaching consequences for public administrations, businesses and citizens as of 1 January 2021, regardless of the outcome of negotiations.
Nota
GBP EYES VIRUS-HIT GDP DATA
Nota
Sterling traders will also be anxiously waiting for the release of preliminary Q2 UK GDP data.
Nota
These figures are unlikely to show an underlying optimism.
Chart PatternsFundamental AnalysisGBPUSDgbpusdanalysisgbpusdsellgbpusdsetupgbpusdshortgbpusdsignalgbpusdtradeTrend Analysis
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