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After Brexit . . .
Jun 28, 2016 at 19:44
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3 Replies
Member Since Feb 22, 2015
174 posts
Jun 28, 2016 at 19:44
(edited Jun 28, 2016 at 19:45)
Brexit is over
Before Brexit, EURO currency has many opportunity to rise to 1.20 or higher.
After the Brexit, do you think the EUR will continue to rise?
Your thoughts?
Before Brexit, EURO currency has many opportunity to rise to 1.20 or higher.
After the Brexit, do you think the EUR will continue to rise?
Your thoughts?
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Jun 28, 2016 at 23:11
Brexit is over? no, it's just beginning. I think the EUR will adapt faster than GBP. However, the UK is currently still tied to EU (not formal exit, just referendum)
Uncertainty still looms over GBP, formal exit (affecting EUR as well) and reforms will still cause volatility for the foreseeable future.
Rise to 1.20? sure, that's always a possibility, put a time frame on it and it becomes more complicated, certainly not within the month of July or even this year... unless you have a major off quotes broker (mine at 1.10 now).
Uncertainty still looms over GBP, formal exit (affecting EUR as well) and reforms will still cause volatility for the foreseeable future.
Rise to 1.20? sure, that's always a possibility, put a time frame on it and it becomes more complicated, certainly not within the month of July or even this year... unless you have a major off quotes broker (mine at 1.10 now).
For every loss there should be at least an equal and opposite profit.
Member Since Feb 22, 2011
4573 posts
Jun 29, 2016 at 07:54
We are discussing it here
https://www.myfxbook.com/community/general/brexit/1184979,12
https://www.myfxbook.com/community/general/brexit/1184979,12
Member Since Dec 11, 2015
1462 posts
Jun 29, 2016 at 07:58
The UK referendum was just the beginning of the long process we call "Brexit". Keep in mind that the referendum itself isn't even legally binding, but the UK will still likely leave the EU. There will be months of negotiations now, and who knows what else. Which means that in turn there will be news coming out affecting the market.
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