One year to real Brexit - What's next for GBP

Only a year to the actual Brexit, the most difficult questions remain unanswered. The goal of Theresa May over the next few months is to enter into agreements with the EU on free trade and the Irish border.

But if we are realistic, the likelihood of actually reaching Brexit without reaching agreement on the two most complex issues is very high.

What's next for GBP over the remaining 365 days?

The hopes of investors are that in the coming months May will come closer to EU governments and manage to make a trade deal. Mei, in turn, views the results of the referendum as non-categorical. According to her, 48% of the voters are against the UK's exit from the EU and they have to get access to Europe.

Currently, investors are accumulating an agreement on a trade deal and, to a large extent, the GBP has already reflected this. The probability of March 29, 2019. Buying a Hear and Selling a Fait to be a reality is very high. Over the remaining days to the actual Brexit, GBP pounds will be influenced by several major events:

Technical view on GBP/USD - D1

The trend remains a lot, but there are some worrying signals worth considering.

What impresses is the presence of a lower peak after the formation of a flagship formation in the trend. The indicators also support the short idea - Sequential counts down 2 signaling the start of a new bearish wave. DeMarker 8 comes out of the over-sales area and points down - A likely downward impulse.

Source: Bloomberg Pro Terminal

Read more:

• GBPBGN: increase in price is more probable from the current levels
• EURGBP: probability for an upcoming downward impulse
• GBPUSD short term sentiment in front of important data at 11:30 (GMT+3)
• A price below 2.268 can lead to a new decline by the pound
• Pound rises after the defeat of May’s Brexit deal