Okay, any GBP predictions?
A couple of articles, if you are not fully aware of this evenings vote...
1. https://www.bloomberg.com/news/articles/2019-01-14/may-faces-worst-government-defeat-in-95-years-in-key-brexit-vote?srnd=premium-europe
2. https://www.bbc.co.uk/news/uk-politics-46868194
I think the deal being rejected may be positive for GBP (initial downside but then a move higher). Surely a rejection of the deal will lead to great stability - either a softer brexit or a no brexit. Then again, markets don't like uncertainty.
Let's not share our opinions of the EU but share our thoughts on how GBP is going to react...
Interested to hear everyone's thoughts...
Just looked at it. 1.20 on GBPCHF is the low for me (2016 on the Weekly), pretty close to you - the stop would need to be 1.17 or less though. Could be a great opportunity to go long for the next 6 months / 3 years -assuming the swap rate is positive.
Would have to be on my larger account though, that's a 500pip or so stop loss.