Our member
AFEX have recently published a GBPBGN Analysis
“We are
currently approaching important resistance at 2.2675. Should the market move
above this level we can expect a postponement of sterling weakness for some
time. Fundamentally this move higher has been caused by UK parliament moving to
stop a no deal Brexit where the UK would crash out of the EU without an agreed
departure deal. This move is expected to be made law on February 5th and we
could easily see strength between now and then as the market moves to price in
this change of the fundamental picture.”
For further
information please refer to the chart attached below or you can visit AFEX official website.
