Tangled up in Brexit Blue
Good afternoon one and all. I will be taking you through the US session for this week holding the fort while Adam and Greg are away. So, I look forward to some market moving action over the next few days, although today being a US holiday may mean a subdued start to the week.
The GBP went into the weekend with some optimism that Theresa May could forge a deal with the EU in time for an emergency November summit. That boat has nearly passed with the deadline being set for Wednesday PM. This news has weighed heavily on the GBP today as Justin has been covering all morning. Intraday shorts from the 100 and 200 EMA are in play today. (watch out for headlines as always with the GBP, and remember that Wednesday PM is given as the actual deadline for the November meeting)