top of page
Learn macro trading banner by logikfx

United Kingdom: Brexit No-deal Short GBP?



“A no-deal, no-transition Brexit would be an economic shock for this economy ... and it would also send a signal globally about the prospects of refounding globalisation.”

- Mark Carney, Bank of England Governor


The United Kingdom is on a direct line to leave the European union on March 29 without a deal. This is unless Prime Minister May can convince the EU to amend the deal she agreed in November.


The uncertainty of a major political event such as Brexit is bound to have huge negative implications on not just the currency but the living standards of those within the UK. Carney mentions " a no-deal Brexit would hit living standards in Britain, at least in the short term".


This lines up exactly with the recent LogicStrategy™ results as the GBP dips swiftly towards a negative economic quantitative score.


GBP Quant Score (- 7)

On top of this the most recent reading of the ACSM shows how the GBP is getting significantly weaker with a cash flow of -1.14 and a negative score of -1.82, suggesting further weakness is to come of the GBP in the coming days. If you have some short positions in the GBP it could definitely be a long term opportunity as of the current market state.



Keep up to date with us by following our facebook and instagram pages.


30 views0 comments

Comments


Advertisement

Advertisement

Become a Trader in a Week

Do you keep telling yourself to start investing in the financial markets? Maybe you've been meaning to start, but you're not sure how. Logikfx's free online class, or beginners course covers everything you'll need to know to become a pro investor. Give it a try here! 

Learn macro trading 1080x1080 by logikfx
bottom of page