GBP Rally
Nice to see the GBP moving higher. The possibility of taking some millionaire trader short trades on the horizon.
EURGBP - approaching daily support
GBPCAD and GBPUSD - late this week, early next week?
GBPAUD and GBPJPY - late next week, early Feb?
I have to admit, I am not that comfortable going short GBP. I am expecting some brexit breakthrough that will drive prices much higher. Let's wait to see what price action we get.
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If the UK opts for no deal, I think there could be some great short EUR trades. So far, the EUR has not been hit by brexit but surely it inevitably will?! A weaker GBP and a weaker EUR.
EURAUD, EURNZD and EURUSD could provide some long-term positive swap rates.