Generally speaking this pair is in consolidation for the past 4 years between 0.83 - 0.93, if we follow this technically EURO Should go down as it already tested the resistance area
BUT, there's a mini consolidation that is happening between .87 - .92 ever since the Brexit talks are hot again.
A DEAL OR NO DEAL?
I believe that any deal strike between these two will likely hurt the UK more, a no-deal Brexit just avoids the humiliation of succumbing to the control of EU and will likely make UK stronger in the future.
A no deal brexit will hurt UK more than they can imagine tarrifs, hassle at the borders, fishing problems, and a lot more.
While striking a deal will also hurt them but not that much but they will be giving up full sovereignty, EU will pillage their seas and give them 18% of it. (LOL)
Either way, GBP is more likely to go down short term.
BUT, there's a mini consolidation that is happening between .87 - .92 ever since the Brexit talks are hot again.
A DEAL OR NO DEAL?
I believe that any deal strike between these two will likely hurt the UK more, a no-deal Brexit just avoids the humiliation of succumbing to the control of EU and will likely make UK stronger in the future.
A no deal brexit will hurt UK more than they can imagine tarrifs, hassle at the borders, fishing problems, and a lot more.
While striking a deal will also hurt them but not that much but they will be giving up full sovereignty, EU will pillage their seas and give them 18% of it. (LOL)
Either way, GBP is more likely to go down short term.