UK leadership hopefuls launch campaigns to take
control of Brexit today. Initial news due around
17.00 CET. Boris Johnson is the main candidate
and he is pro-Brexit.
GBP is being pressured because of this,
since no EU-Government wants to see a
no-deal Brexit.
At the same time, Canadian data was
extremely strong and we like the odds
of further weakness in GBPCAD today.
UK GDP is due in around 1H, and we also
suspect it will be worse.
Sell on worse data, or after a pullback to resistance.
control of Brexit today. Initial news due around
17.00 CET. Boris Johnson is the main candidate
and he is pro-Brexit.
GBP is being pressured because of this,
since no EU-Government wants to see a
no-deal Brexit.
At the same time, Canadian data was
extremely strong and we like the odds
of further weakness in GBPCAD today.
UK GDP is due in around 1H, and we also
suspect it will be worse.
Sell on worse data, or after a pullback to resistance.
