The pair is falling. The Brexit talks keep taking darker and more negative turns for the British economy. It feels like a slow motion nightmare where the worst outcome form each stage of the talks seems unavoidable and then comes true, Despite efforts of the upper house and the lower house backbenchers as well as the opposition to counter this vale of tears it comes to naught. The maintenance of the customs union is not what the May administration wants. Enter today’s trade at or below 1.350. St the take profit exit order at between 1.345 – 1.340 and the corresponding stop loss exit order at between 1.357 – 1.362
So Far So Quiet On the Middle Eastern Front. US North Korean Talks Agreed. Yen Strengthens.
Daily Analysis - 11/05/2018