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02.04.201913:29 Forex Analysis & Reviews: Brexit: The decisive day has come

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

On Monday, the British Parliament was unable to find a majority under any of the options for an agreement with the EU from the new referendum to the preservation of Britain in the trade and customs union.

On Tuesday, Premier Theresa May appointed a government meeting and the issue of postponing a Brexit date should be resolved for a long time until the end of the year or more.

This is a crucial moment for the markets: If such a delay is adopted, the Brexit theme will cease to be acute and will not affect the economy and markets for a long time.

This can give a strong impetus to European currencies, particularly the pound and the euro.

GBP/USD daily chart

Exchange Rates 02.04.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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