From where we can buy GBP

02.09.2019 / 19:00

Rating:

Excerpt from Morgan Stanley's Commentary

They expect long pounds to sell, as tensions in parliament create high odds for Brexit without a deal.

The important support here is 1.2015 to 1.2060

If it succumbs, the road looks clear for a drop to 1.15, which gives good prerequisites for long positions.

Of course, there may still be much more optimistic headlines for a "rhetorical change" in the position of the European Union and ongoing talks about an alternative to backstage. However, without specific suggestions, I just don't see the optimism lasting as we move forward over the next few weeks.

Opposition parties in the United Kingdom may have difficulty assembling a majority to stop BoJo, but I believe there is still a strong likelihood of a Brexit delay followed by a general election. Otherwise, no-deal remains.

Trader Aleksandar Kumanov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

From where we can buy GBP

London

Universal numbers