$XBP
Bearish, then bullish, then bearish.
[Edit: Wazcam comment-related chart, FBO?]
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Regular articles by the BBC keep the public aware of the impact of BREXIT here and the devalued effect it has had on the pound. To the point this point we had this:
https://www.google.co.uk/amp/s/www.bbc.co.uk/news/amp/business-42661361
Farage, a main component in the leave vote and a Trump supporter, recently said there may be a second referendum on this if a deal is reached. IMHO, euro looks stronger, pound move till this week has been trudging upward as a flag. Who knows
Agree
On your longer timeframe chart, it’s almost bear flagging. However in the shorter to intermediate term, there is a H&S reversal. Now, the extent of this remains to be seen.
It is 17% of the dollar, maybe strength here will
Contribute to the downfall of Uncle Buck. I live here and even I don’t know what’s going on with Brexit. How anyone else has a clue is beyond me- shambles.
Thanks JL,
I was born there, so always interesting to see how GBP is faring.
Much appreciated.
Seems to me the ‘expert consensus’ has been down for cable for months, but for that same time (and today) the chartology has been pointing up. I expect higher prices in coming weeks. But that’s just my take – I’m the novice chartologist here at best, compared to most.