GBP/USD bears are showing the first signs of fear
Everybody knows that the market is ruled by the Fear and the Greed. After the extension of the Brexit deadline through October 31, investors believed that the UK and the EU will reach an agreement and started buying the GBP. Nonetheless, Theresa May’s resignation, followed by the appointment of an ardent supporter of Brexit, Boris Johnson, radically changed the things. The GBP/USD has been 9% down from the highs of 2019, most speculators are bearish on the sterling, they are driven by the Greed. I wonder how fast the pound will…
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