The actual Brexit is coming, but the EU and UK is far from trade deal

Yestarday, we saw several significant speeches by the EU and UK leaders, which will be key for GBP pairs trends.

On behalf of Theresa May, we received a dose of positivism, saying that "Britain will leave the EU in March 2019"

Meanwhile, May has admitted that it is "A new proposal on the Irish border is needed. The original EU proposal is not acceptable to the UK!"

May asked Labor to stop calling the British population for a second referendum.

In summary, May's position remains in support of Brexit, but without a clear vision of how it would have happened - Negative for GBP!

Yestarday, Leo Varadkar, the prime minister of Ireland, said that "Extreme pressure will be on the country if there is No Deal Brexit." At the same time, Varadkar is of the opinion that current proposals for Brexit are absurd both sides and the UK are far from an agreement - Negative for GBP!

In support of Varadkar is also Jean-Claude Juncker, who thinks that the EU and Britain are farther from a deal for Brexit. - Also negative for GBP.

The GBP background has significantly worsened, so it is good to look at short positions. Currently GBP key crosses are approaching key areas of resistance, but GBP/JPY provides the best GBP shortening.

GBPJPY, a combination of indicators gives an extremely strong bearish signal

Read more:

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