Market Intelligence

GBP Raab(ed)

Author: Aleksandar Adamovic ● November 15, 2018

The BREXIT saga continues as news hitting the tape of Raab resigning as UK Brexit secretary. He writes “today, I have resigned as Brexit Secretary. I cannot in good conscience support the terms proposed for our deal”

The GBP is tanking of course, dragging down the Euro as well as main European equity markets.

First support for the GBP is at lows we saw 2 days ago, 1.28. The big support can be found at 1.27.

Source: charts by Bloomberg

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