With the triggering of Brexit, what’s next for the GBP?
This article is originally referred from Fortrade News.
What will happen to the Pound Sterling when Article 50 is triggered?
Forex traders are positioning for this week’s top event: Britain Prime Minister, Theresa May, will trigger Article 50 of the Lisbon Treaty on Wednesday, March 29th, 12:30 GMT, as planned earlier this year, thus start a two-year negotiation process to attempt to reach a deal before Britain officially withdrawal from the European Union in March 2019.
The PM has recently voiced confidence about completing the withdrawal of the UK into a completely independent nation within the specified time period.
With all the anticipated market volatility surrounding Great Britain’s withdrawal from the EU, it’s well worth preparing your positions in these currency pairs: EUR/GBP (Euro to Pound Sterling), GBP/USD (Pound Sterling to US Dollar), and GBP/JPY (Pound Sterling to Japanese Yen).
Don’t miss your chance to capitalise on Brexit!
How to start trading?
- Online CFD Trading Log in to your Fortrade Account using your email (username) and password.
- Search for the tradable instrument inside the platform.
- Click BUY or SELL to open a trading position.
*Your Capital is at Risk. For general Information Only. Not Intended To Provide Trading or Investment Advice.
Original Source: Fortrade News