Free Forex trading signals

Without a lot of learning, buying useless indicators and losing robots.

FAST ENTRY




Sterling tumbles after May loses third Brexit vote

30th March 2019 Off By binary
Sterling tumbles after May loses third Brexit vote

Article by ForexTime

The GBPUSD tumbled over 50 pips in a matter of minutes after MPs voted against Theresa May’s Brexit for a third time – by 286 votes to 344.

This rejection of Theresa May’s Brexit deal has created another element of uncertainty over Brexit, at a time where investors are desperately seeking clarity. With today’s result giving the UK until April 12 to announce a new plan, fears of a no-deal Brexit are likely to mount. The pressure for a second referendum or general election is only going to grow in voice after Theresa May’s deal got rejected for the third time. Where we go from here remains open to question, and this uncertainty will weigh heavily on the British Pound.

Taking a look at the technical picture, the move below the psychological 1.30 level in the GBPUSD in the past few minutes does indicate that Pound traders are nervous about this latest development.

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.


Forex-Time-LogoArticle by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

Read more and Click Here To Get Started