Hi Traders,

Today’s article is going to be one which aims at the Final BREXIT talks and how it presents a superb 800 Pip opportunity.

We have talked about BREXIT in our previous BREXIT blogs as well when it presented a trade too good to pass up. We talked about USD/CAD Trade in the previous Trade War blog and in this forex trading blog for beginners, we will be talking about, learn how to trade in detail how GBP is in the spotlight with the BREXIT coming up.

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NO DEAL BREXIT CAUSING THE POUND TO FALL

A no deal British departure from the European Union (EU) implies different things. First of all, in the present scenario, it would imply that no agreement has taken place between United Kingdom (UK) and European Union (EU) in the intervening negotiation phase that would come to an end on 29th March, 2019. The negotiations are presently going on as per Article 50 of the Lisbon treaty. As of now, the chances exist that a no-deal Brexit would come into existence in the forthcoming year.

WHAT DOES IT MEAN FOR GREAT BRITAIN?

First of all, a no deal would bring scrapping of 21-month-old exit period on 29th March 2019 and it would happen immediately.

As per House of Commons report, the instant exit would imply that the United Kingdom would have no legal obligation to pay a £ 39 billion divorce bill to the European Union (EU).

This would become a great saving for the United Kingdom (UK) while leaving a big hole in the budget of EU. This would make the relationship between EU and UK worst.

The no-deal would also see the residency right of EU national disappear faster than anyone’s expectation.

As it is evident, the impending situation would affect more than 3.7 million European Union (EU) nationals residing in the United Kingdom (U.K). Simultaneously, it would also affect 1.3 million U.K. nationals residing in different nations of EU. For this, it has now become essential for every nation of the European Union to bring peaceful deals with the UK in order to assure rights of their own people residing there.

WHAT WOULD HAPPEN TO BRITISH POUND?

Pound to fall even before next year March–

The impact of no deal would come into the picture even before next March. The financial market would try their best to push the pound down further as the markets could foresee the disastrous outcome in the near future. The value of the pound has fallen immediately after Governor Carney’s statements.

Higher inflation–

The real value of wages would further come down as the value of Pound falls down sharply following the rise in inflation.

A loss to every household–

The loss has already begun following the original Brexit vote. It has cost every household approximately £ 400 a year.

Foreign items to become more expensive–

As the value of this currency goes down, the items brought from other nations become costlier in Britain. But on the other hand, things manufactured in Britain become cheaper in the other nations. Analysts have warned that in the case of Britain leaving EU without securing a deal, it could create a division in the European financial system and that would shoot up costs for consumers.

Bankers would turn idle–

In U.K., a number of bankers would become idle. As most of the demand for their services come from the EU the banks would lose contracts worth trillions of pounds. Many banks would collapse after Brexit.

GBP/USD TRADE OPPORTUNITY TAKEN LAST WEEK BASED ON THE NO DEAL BREXIT NEWS

This is a trade that triggered last week from the Platinum trading analysis, the trade was a short @ 1.3020 with a 40 pip stop loss and a target of 1.2800.
The trade triggered on the 29/08/18, these are the updates provided on the trading floor so far.

A) Short GBPUSD @ 1.3020 with a 40 pip stop loss and a target of 1.2800
29/08/18: Trade triggered in the evening
31/08/18: Trade has reached over 50 pips profit, please move stops to Breakeven and part position. Continue to hold over the weekend.
03/09/18: Trade is currently 130 pips in profit, continue to hold and move stops to + 50 pips profit

This is just one example of how our trading analysis works, you can check the chart above and see the last daily candle. The last daily candle on that chart was well before the 29/08/18, all the trades provided here are given well before they trigger. This allows all clients to take advantage and can learn how to trade, we also teach our clients exactly how to do this analysis themselves.

BOOK AN EXCLUSIVE TRADE BREXIT SESSION TODAY!

How to become a profitable Trader.

If you are a new trader and would like to learn how to trade, then sign up today to our 2-day free Foundation to Forex Trading Course. We have just introduced this as in the last month we have had a lot of inquiries on learning how to trade the financial markets. We can get you on the successful path of becoming a Financial Trader.

Hopefully, you have enjoyed today’s article. Thanks for reading!

Have a fantastic day!

Nisha Patel

Live from the Platinum Trading Floor.