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Brexit Trading Strategy | Gold, FTSE, GBP Analysis

By on June 7, 2020 0 54 Views
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Brexit has provided several market events. in the last several years since the election and we are now approaching what could well be the final deadline. Your Brexit trading strategy The UK parliament will have an extraordinary sitting this Saturday and we decided to cover the major markets that will be impacted by this event, as well as the approaching deadline on October 31st.

Brexit trading has largely focused on the GBP and FTSE with the Brexit gold connection going largely unnoticed. The DAX also stands on the other side of the Brexit equation and stands to gain or lose when a deal or no deal is confirmed.

Our gold analysis in this case focuses on the way the different Brexit scenarios will impact market sentiment. A deal would provide a risk-on mentality and the markets gold price analysis could point towards a downward move, while a no deal would mean more uncertainty and potentially investors moving their assets into safe havens like gold.

The Brexit GBP correlation is there for all to see in the last several days. Rumours of a deal have pushed the GBP up against almost all other currencies and trading around 1.28 against the dollar. A confirmation of the deal would probably also confirm this direction. Same goes for the Brexit FTSE 100 impact, though the index has moved in smaller increments of late.

Adjust both your gold trading strategy and your GBP trading strategy before this weekend, as any surprises from parliament could impact open positions in both directions!

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