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From the blog

Another 150 pips....

Another 150 pips - Was last Thursday the day we've been waiting for?

 

None of us need reminding of the relentless grind of Brexit headlines which have been battering the Pound and the EURGBP exchange rate over the last few months.

Traders also had other things on their minds, with the Euro tumbling through late September and October. It was those Italians in revolt who dared to ignore edicts from their European masters.

The headlines in September suggested a Brexit deal was no more than days away and the Pound gave us a tradable 180 pip run against the Euro in a fortnight. Everything looked rosy....

Then the carpet was tugged away by Barnier and crew. Theresa was sent away with nothing but a red face and more homework to do on the Irish border.

That set up the next move as the Euro ran up against the Pound in the opposite direction. An a-b-c move, good for another 150+ pips....

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