GBP Keeps Falling Down

Market growth has stopped and this situation had its logic. Mr. Johnson signed the document that Brexit will happen on January 31. The deal will take place. 

This week the interest rate at the Bank of England will be considered and this is one of the most significant events of this week.

Some economic calendars consider a downward trend.

Epidemics very rarely affect market events. But armed conflicts have a significant effect. There was a shelling of the US Embassy in Baghdad and there are victims. All these events put pressure on stock markets.

We will look at the balance of the US Federal Reserve, which was supposed to be at highs in mid-January. But that did not happen. Jerome Paul said that about half a trillion dollars of liquidity could be provided, but the banks did not take that much.

For the GBP instrument, we expected a price decrease and the achievement of paragraph 1.30 for short positions. After which the price could go on a reversal to marks 1.3065 - 1.312. But buying futures on these positions is definitely not worth it, because the positions are not stable due to events and there is a risk of slipping down.