GBPUSD Brexit washout

[pipeguy]

Amid the growing uncertainty of a hard Brexit just a month away traders are pulling away from the British Pound, because of the increased volatility of the currency.

And that is felt not only with the value of the pound, but also with the trading volume. Once the second most traded currency pair, now the GBPUSD trading volume has gradually shrunk to record low.

Will rebound soon as soon as Brexit is resolved, its temporary calm I guess.

 

[iLikeMoney]

I agree

 

[Turveyd]

Will rebound soon as soon as Brexit is resolved, its temporary calm I guess.

You know it's going to take about 20years to fully resolve Brexit, then it'll bounce right back, agreed!

 

[mlawson71]

I too think it won't start climbing back up (in any significant manner) right after the UK finally leaves the EU.

 

[pipeguy]

You know it's going to take about 20years to fully resolve Brexit, then it'll bounce right back, agreed!

Lol yeah, tug of war lingers but PM May looks quite decisive in her actions, for example offering special funds for regions which supported Brexit. Money solves all problems

 

[carlosnorb]

The British pound was unchanged on Friday at the end of its best week since January, as investors waited for next week's parliamentary vote on Prime Minister Theresa May's deal to exit the European Union.

Sterling has rallied this week - it is up 1.7 percent against the dollar - after British lawmakers voted against leaving the EU without a deal and backed a delay to the March 29 exit date.

The vote against a no-deal Brexit was non-binding, but investors believe Britain will now avert a disorderly Brexit that would severely damage its economy.

May has said she will hold another vote next week on her deal, although lawmakers have already rejected it twice. She hopes to use the threat of a longer delay to Brexit to persuade eurosceptics in her party to back her.

 

[formikatrading]

If you go back to the beginning of this thread, the original post was right near the bottom for the pair. Market psychology!

 

[pipeguy]

The British pound was unchanged on Friday at the end of its best week since January, as investors waited for next week's parliamentary vote on Prime Minister Theresa May's deal to exit the European Union.

Sterling has rallied this week - it is up 1.7 percent against the dollar - after British lawmakers voted against leaving the EU without a deal and backed a delay to the March 29 exit date.

The vote against a no-deal Brexit was non-binding, but investors believe Britain will now avert a disorderly Brexit that would severely damage its economy.

May has said she will hold another vote next week on her deal, although lawmakers have already rejected it twice. She hopes to use the threat of a longer delay to Brexit to persuade eurosceptics in her party to back her.

They can't execute the will of the nation how those people can rule the country I wonder...Is this called democracy?

 

[Sig]

They can't execute the will of the nation how those people can rule the country I wonder...Is this called democracy?

When "the people" insist on something impossible do you blame the people who can't perform the impossible. "The people" didn't want a hard brexit with the massive value destruction that entails, and all the Brexiters know it because they're terrified of having another vote now that the truth of what Brexit really means is clear.