Regardless of Brexit or not in my opinion I believe that GBP has been in a downtrend since 2014 and would have met the current value of GBPUSD0.47% at what it is now, sooner or later. Brexit just happened to help reach the goal faster. I believe there is more short side to GBPUSD0.47% in the long term where we can meet our all time low before going back up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.