Sell on a level breakthrough of 1.3064 with 1.3000 target. Stop loss = 1.3114.
Reason for the trading strategy
Fitch believes that the UK's decision to leave the EU will create a difficult macroeconomic environment with a negative impact on the operations performed by the British banks in the domestic market. The agency expects that the banks will cope with the consequences if they are not too severe or prolonged. The worsening of the economic situation in the UK, which started in July, is pushing the pound to the level of $1.3.
Reason for the trading strategy
Fitch believes that the UK's decision to leave the EU will create a difficult macroeconomic environment with a negative impact on the operations performed by the British banks in the domestic market. The agency expects that the banks will cope with the consequences if they are not too severe or prolonged. The worsening of the economic situation in the UK, which started in July, is pushing the pound to the level of $1.3.
Exness - This week, the pound may fall to 1.3 dollars
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