The fail of Theresa May to secure the votes for her Brexit deal has caused an increase of volatility, which caused a short lived drop of the GBP/USD. However, the rate returned to where it was previously, as the vote results were no surprise for the financial markets. Namely, the volatility was caused because of short term speculators selling on the
By the middle of Tuesday's London trading session, the Brexit vote at the UK Parliament had not occurred. In the meantime, one can look at the technical outlook prior to the vote. In addition, Dukascopy Analytics have published another article explaining the Brexit situation. In general, the article lays out the possible outcomes of the vote. Read More: Dukascopy Analytics Articles Latest Fundamental
The GBP/USD traders are waiting for the UK's Parliament vote on the Brexit deal that Theresa May has arranged with the EU. The time of the vote has not been established, as there will be a debate prior to the vote. Meanwhile, you can read up more on the event in the article section of Dukascopy Bank SA. Read More: Dukascopy Analytics
The GBP/USD has jumped due to another Brexit fundamental. Namely, Brexit financers revealed to Reuters that the UK will most likely reverse the Brexit decision. The country can do that on its own. It was ruled by the European Union's highest court a couple of months ago that the United Kingdom has the right to drop the Brexit and remain in
As the GBP/USD trades horizontally in the expectations of the Brexit vote, it has pierced the upper trend line of a dominant descending pattern.
A larger pattern has been spotted on the GBP/USD charts.
The 1.2800 mark has been reached, as it was forecast previously.
The GBP/USD pair's surge on Monday was expected to reach the 1.2800 level
The first daily review of the GBP/USD of the year has already managed to forecast the decline of the rate.
Dukascopy Analytics will be off for the next week. Although, we leave for the week for our readers a medium term guide.
By the middle of the day the GBP/USD was surging due to USD weakness caused by the Federal Reserve.
The volatility of the GBP/USD is still high. During the recent swing upwards the rate reached to the 1.2700 level, from which it bounced off.
The previous squeeze of the GBP/USD has ended with a surge upwards.
The GBP/USD started the week calmly, as the rate traded near the 1.26 mark.
Although the GBP/USD has been ignoring most technical levels, the 200-hour SMA has been taken into account, as it has caused a decline of the pair.
The Brexit saga continues, as a confidence vote is triggered by UK Conservatives against Theresa May.
Theresa May has cancelled the vote on the Brexit deal.
On Monday, the GBP/USD was plummeting downwards, as no support levels were holding it down from declining.
After once more testing a dominant resistance level at 1.2800 the GBP/USD declined on Friday.
By the middle of Thrusday's trading session the GBP/USD had decreased its volatility, compared to the previous sessions.
The GBP/USD pair retreated down below the 1.27 mark on Wednesday morning.
On Tuesday morning the GBP/USD revealed a descending pattern. Although, the rate is still highly volatile.
On Monday, the GBP/USD plummeted like a rock. It passed all support levels and plummeted down to almost reach the 1.2700 level.
The GBP/USD ends the week with all patterns broken and Theresa May making statements that contradict her actions.