GBPUSD Is Severely Overpriced if UK Headed Toward No Deal Brexit

With a clear majority in the House of Commons against a no-deal Brexit, and with members of Parliament holding more votes on alternative plans on Monday, Mrs May asserted that the UK would have to find “an alternative way forward”. She also may attempt a fourth bid for the Commons to pass her bill. Meanwhile, trading of the pound on Friday faced significant volatility as price action swayed violently just to rest at where it started forming a long-legged doji for the day. If the customs union wins then May could run for this deal with the EU. She could also say no and then we have an election or a second referendum. Difficult to say, but this is the direction we are heading. The bottom line is that the trend of no deal Brexit and a customs union seems to be wedging together like a symmetrical triangle. Either way, this will have to break one way or the other. More words here: anthonylaurence.word...or-the-rest-of-week/