GBP/USD: Brexit Deal Confirms Further Gains M-Term But Risk-Averse A Dampener N-Term – BTMU

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The pound rode higher on the news of a transition Brexit deal, albeit leaving open issues such as the Irish border.

Here is their view, courtesy of eFXnews:

BTMU Research discusses GBP/USD outlook in light of this week’s Brexit transition deal and thinks that it confirms being a medium-term GBP bull, while risk-averse conditions are negatively impacting the pair in the near-term.

“The pound would likely have strengthened further if external conditions had been more favorable. More risk-averse trading conditions are acting as a dampener on pound strength in the near-term.

Nevertheless, the latest Brexit developments are clearly supportive of our outlook for a stronger pound this year. We continue to see scope for the pound to strengthen further as Brexit uncertainty eases,” BTMU argues.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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