Bank of England is preparing for Brexi

thatAccording to the results of the speech of the Bank of England Goevrnor M. Carney, the British pound strengthened restraintly. The reason for the growth of the British was the statement that the Central Bank of the United Kingdom is ready to adhere to the scenario for Brexit, actually approved the existing text of the agreement on Brexit. At the same time, the Central Bank of Great Britain does not discard possible risks and is ready to work ahead of the curve.


Earlier, Spain announced its disagreement with the Brexit deal, if the text of the agreement is not changed. It increased the pressure on the single currency, which coincided with the negative opening of European stock indices. At the same time, this statement may stimulate Britain to a more loyal attitude toward the Brexit deal.


As a result, the British pound is showing moderate growth against its main competitors. The EUR/GBP pair slowed down and is trading near a significant resistance of 0.8900, from which it is possible to beat off the promotion of the Brexit deal and a technical reversal with a return to the downtrend.

Add comment

Security code

© 2014-2018, Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. Only the NFA regulated brokers featured on this site are available to U.S. customers. Forex