Brexit, Brexit, Brexit, if you live in the UK it’s pretty much all the news outlets talk about. Leaving the EU without a deal for the UK continues to push GU (GBPUSD) lower. Is there any hope for this currency? If this was Bitcoin the usual naysayers would be announcing the currency was dead!
Well, Bitcoin is doing rather well in fact, although it seems to have paused at this level, it may drop slightly lower before carrying on up.
There have been a number of large organisations starting to take Bitcoin for cars and other items, even with the SEC breathing down the virtual currencies neck it has proven very resilient, unlike sterling which is sitting at lows that we have not seen for a long time.
Trading BTC against GBP. Great idea, at least until Brexit is done. In fact with the Bank of England’s interest rate statement today, sterling could hit even lower lows.
Please remember trading is at your own risk, you should do your own research.
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