Brexit and the sliding GBP

PrettyPrettyShinyShiny

PrettyPrettyShinyShiny

Well-Known Member
Anyone else looking at what the British exit from the EU is doing to their beloved Pound? I had a look at the charts GBP/USD, and if you're holding USD as I am, it may be worth considering keeping an eye on where it goes. There is a resistance point at about 1.35 and it's already pretty undervalued. It may really slump down over the coming months below this point and offer a position ready for improvement over and through the end of 2016 and beyond.

I was about to pull the trigger last night on gbp, but I'm going to see if it slides further. Anyone else been looking at this?
 
Why do not blame it on the beloved euro first of all, after all the Pound must in line with the euro.


1 EUR/GDP 2 EUR/USD

44_brieuusd.png
 
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