New Brexit? | 13 March 2019

13 March 2019, GBP/USD

New Brexit?

GBPUSD trading plan:

U.K. was tonight plunged into chaos once again as MPs voted to kill off Theresa May's Brexit deal by 391 votes to 242. Tomorrow MPs will vote on whether Britain should quit the EU without a deal in 17 days' time. The political crisis does not allow investors to buy British assets. Investing in the pound is now a bad tool. It is dangerous to sell the British currency now - the situation of Brexit may change at any time. If Parliament approves the Prime Minister's plan, the market trend will quickly unfold. Now there is a lot of uncertainty in this currency pair.

Trading recommendation: range 1.3030 -1.3130.

David Johnson
Analyst of «FreshForex» company
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