Pound weeps as political clouds gather, Gold bulls disappoint

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Today was a sad day for the British Pound which depreciated against every single G10 currency.

The toxic mixture of political drama in Westminster and rising uncertainty over Brexit have created a recipe for disaster and chaos for the British Pound. With appetite for the currency clearly diminishing by the day as fears mount over the UK crashing out of the EU without any deal in place, Sterling weakness is poised to remain a dominant theme. Taking a look at the technical picture, the GBPUSD is unquestionably bearish on the daily charts. The shooting star candlestick created on Tuesday… Read More:

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