Brexit: UK departs. Certainty to boost markets?
Trade the UK’s departure from the EU and take advantage of market volatility.
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GBP/USD
GBP/USD
The pound’s almost physical link with Britain’s economy and sensitivity to politics makes sterling the principal arena in which sentiment on Brexit plays out. Since sterling is most liquid traded against the dollar, anything happening in the pound tends to happen to GBP/USD first and most clearly.
UK 100
UK 100
The benchmark cannot escape Brexit despite the bulk of its companies’ revenues being derived in currencies other than sterling. This is because of a frequent inverse relationship between the UK100 and the pound. Hence what’s good news for the pound is often ‘bad news’ for the UK100 and vice versa, from one day to the next.
Germany 30
Germany 30
The most-traded index in Europe is also frequently at the heart of the Brexit action, though it’s worth bearing in mind that it is also strongly tied to global stock market sentiment and the fortunes of 30 giant German companies.
Brexit & BoE To Drive Pound Into Month End
With the countdown to Brexit ticking, no trade deal guaranteed and UK data showing signs of weakness pound, traders are looking towards the BoE meeting cautiously.
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