Instrument: GBPCHF
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.24833 with take profit at 1.24969.
Bearish Preference:
Sell position is envisaged if price trades below 1.24630 with take profit at 1.24515 .
Fundamentals:
GBP 1:00 PM Asset Purchase Facility
BOE Monetary Policy Report
MPC Asset Purchase Facility Votes
MPC Official Bank Rate Votes
Monetary Policy Summary
Official Bank Rate
BOE Gov Bailey Speaks
Comment: The pound was engulfed in a heavy selloff on Wednesday, skidding to its lowest levels against the dollar and euro in almost a year as markets ramped up bets on Britain leaving the EU without an agreement with Brussels. London-based traders reported a significant increase in investor hedging against a possible freefall in sterling in the event of a ‘no-deal’ Brexit, which could damage the economy by raising trade barriers with the UK’s biggest export market.
Analysis: SCRUM Team
