Forex EUR/USD Daily Video, 28 October, 2019

ward133

Private, 1st Class
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64
What do you think about the brexit vote today Mr sive. And how you think it will effect both euro and pound ?!
 

Sive Morten

Special Consultant to the FPA
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12,858
What do you think about the brexit vote today Mr sive. And how you think it will effect both euro and pound ?!
Hi mate,
IMO, election is always additional risk for the party that has majority in Parliament (although BJ doesn't have a majority). As Brexit process is still underway and will be postponed on next year, I suppose this combination of early election and uncertainty of Brexit result will negative for GBP, at least until election results.
If, indeed, the BJ bet will work, I suppose he tries to get majority due real progress in Brexit negotiations - rally on GBP could continue. If not - collapse will be become stronger.
That's being said - first stage is election approvement and Brexit postpone will be negative for GBP. Second stage mostly will depend on elections result.
 
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