What GBP would be in November?

Trading Discussion
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Hello Everyone,

I am new to trading was trying to make sense of GBP movement, at time of writing this GBP/USD trading at 1.23166. I want to know what people think where GBP would be after Brexit situation is over, would it go up or down in following scenarios.

  • If no deal brexit happens – I feel GBP going to drop or trade lower because market would have priced in the no deal brexit.

  • Brexit with a deal – I am not sure but I would say GBP would trade higher.

  • Brexit Postpone to 2020 – again I feel GBP move higher at least in November.

  • Around General Election – Could someone also shed the light on movement of GBP if general election happens ?

Cheers,
Day Dreamer

1 Like
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The court will rule today whether or not to issue an order that makes PM Johnson liable for ‘frustrating’ the Benn Act

If Johnson is liable then a no-deal Brexit is less likely for October 31. This would likely support #GBP in the short term

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Oooh interesting question! Looking forward to reading answers from more knowledgeable members here, too.