GBPUSD potential downside breakout
IG sentiments show 72% of clients are holding a long position, which implies a potential breakout to the downside (retail traders are wrong for the majority times).
British Prime Minister Teresa May said that if the parliament does not support her plan in the December vote, then the differences within the country around the Brexit will intensify. She said the current agreement is the best agreement to honor the results of the referendum, which is conducive to the future economy and employment. The vote on the Brexit agreement this month will be a crucial moment for the Brexit negotiations, but the success or failure is difficult to grasp. Therefore, we can see that the GBP/USD has the potential to breakout to the downside.
British Prime Minister Teresa May said that if the parliament does not support her plan in the December vote, then the differences within the country around the Brexit will intensify. She said the current agreement is the best agreement to honor the results of the referendum, which is conducive to the future economy and employment. The vote on the Brexit agreement this month will be a crucial moment for the Brexit negotiations, but the success or failure is difficult to grasp. Therefore, we can see that the GBP/USD has the potential to breakout to the downside.