Brexshit will cause GBP to sink
Updated
GBP fallen to 1.19 then retraced back to 1.27 that is 0.236 fibo.
In my perception GBP will move slightly up in Jan & Feb.
However, in March T.May will officially approve Brexit and GBP will strongly go down!
In my perception GBP will move slightly up in Jan & Feb.
However, in March T.May will officially approve Brexit and GBP will strongly go down!
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Published that chart 21 ays ago and so far everything was going fine.However, due to various circumstances my opinion has changed!
Looks like Trump does not want to have a strong Dollar, it means he will try to devaluate US currency and will trigger escape of investors to other currencies or commodities. Soon DXY may go strongly down while GBP/USD may reverse and Pound will strengthen. I wouldn't be surprised if Trump's policies will cause stock market to collapse.
If that will happen then it's better to keep your savings in physical precious metals rather than paper currency or paper gold or silver.
Note
If Brexit will actually happen, this may be one of the reasons why GBP will sink:UK faces very hefty £51bn Brexit bill bbc.co.uk/news/uk-politics-39042876
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Plot is still active and is surpassingly accurate so far!Trade active
Decision regarding Brexit was postponed "expected to happen at the end of March"bbc.co.uk/news/uk-politics-39266992
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