Brexit and Sterling (GBP) News, Charts and Analysis
- EU may offer the UK a time limited NI backstop.
- GBP/USD jumps on market rumor.
Brand New Q4 2019 GBP Forecasts and Top Trading Opportunities
*** BREXIT UPDATE – UPDATED STORY TO FOLLOW ***
A story emanating from the UK Times newspaper saying that the EU is willing to offer the UK a time limited Northern Ireland Backstop to break the current Brexit stalemate. GBPUSD jumps 60 pips to 1.2270 on the rumor which has yet to be confirmed or denied by either side.
GBPUSD 5-Minute Price Chart (October 9, 2019)
The IG Client Sentiment Indicator shows retail traders are 74.0% net-long GBPUSD, a bearish contrarian bias. See how daily and weekly sentiment shifts change GBPUSD bias.
What is your view on Sterling (GBP) – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author at email@example.com via Twitter @nickcawley1.