Britain and the EU agreed to extend Brexit until October, but with Britain hopelessly divided on what happens next, does the extension really change things? The deadlock in parliament remains, and Prime Minister May will be sorely challenged to control her divided Conservative party. On Monday, May wrote a letter to the civil service, stating that contingencies for a no-deal Brexit would continue, despite the extension. With no clear resolution in sight, the pound is likely to face further headwinds.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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