Neutral
GBP weakness in today's session should have taken place yesterday. The retail sales along with a weak USD triggered an exaggerated reaction.
We are not holding any trades at the time of this writing but we would like to update that Theresa May is expected to make a statement on brext around 12:45 GMT.
The entries we noted in EURNZD as well as GBPNZD kicked into play, we avoided these entries (although we attempted a sell limit order last week) as they were not as firm as we would have preferred. Once the selling began we can no longer join the trend due to the size of the stop.
We are not holding any trades at the time of this writing but we would like to update that Theresa May is expected to make a statement on brext around 12:45 GMT.
The entries we noted in EURNZD as well as GBPNZD kicked into play, we avoided these entries (although we attempted a sell limit order last week) as they were not as firm as we would have preferred. Once the selling began we can no longer join the trend due to the size of the stop.
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