GBPCAD - Sell at Market on Political Uncertainty!

3 thg 9, 2019

Focus is again on Brexit with the UK House of Commons returning to session. It looks like we are heading for a snap election sooner than expected. Today there will be an emergency debate on a bill trying to force PM Johnson to ask and accept another Brexit extension until 31 January in case no deal is reached no later than at the EU summit 17-18 October. A government official has said PM Johnson will start the process for 14 October general election if he loses the vote (needs two-third majority). PM Johnson will make a public statement at 19:00 CEST.

We like Selling GBPCAD at market, looking for
1.6000 and then 1.5923.