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18.01.201910:12 Forex Analysis & Reviews: Overview of the foreign exchange market on 01/18/2019

Long-term review
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Yet "Alice in Wonderland" is not a fiction, but a scrupulous description of the realities of Albion. Now, British politicians are seriously discussing the possibility of postponing the final date of leaving the European family, and representatives of the big business decided not to waste time and talked about the need to re-referendum. The business that will suffer most if the current version of the agreement is adopted, that is, without an economic component, clearly expects that Her Majesty's subjects already have enough of everything that is happening, and this time they will vote to remain in the European Union. Unlike politicians, a business understands perfectly well that if it has not been able to get off the ground in nearly two years, how many do not put it off, nothing will change. After all, Britain wants to withdraw from the Fourth Reich, forgetting about all the obligations, while maintaining the privileged conditions for trade. The trouble is that how many politicians do not try, the Europeans themselves are not particularly eager to make such a gift to the Islanders. The news itself about the possibility of postponing the release date strongly inspired market participants, and they arranged a wholesale purchase of a pound.

Exchange Rates 18.01.2019 analysis

Everyone was so closely watching the next series of the British cult series that they completely forgot about other currencies, which stood rooted to the spot. There was no reason to worry, as the summary data on inflation in Europe only confirmed the fact of its decline from 1.9% to 1.6%.

Most likely, today will follow the next statements regarding Brexit and the possibility of its transfer to a later date. Now, everything depends on the European Commission, which should answer this question. And, given the purely European craving for excessive bureaucracy, the likelihood of such a development is extremely small. Moreover, just a couple of days ago, Jean-Claude Juncker admitted that the current version of the agreement is the best that Europe can offer to the United Kingdom. So how many do not postpone, nothing will change. And the realization of this fact will be the reason for the reverse decline of the pound, to about 1.2900.

Exchange Rates 18.01.2019 analysis

The euro will continue to remain in the area of 1.1375 - 1.1400.

Exchange Rates 18.01.2019 analysis

Mark Bom
Analytical expert of InstaForex
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