British Pound Q3 Forecast: Sterling Fundamentals - Volatility Set to Rise as Brexit D-Day Nears

Sterling (GBP) is likely to become more volatile as the clock ticks down to the latest Brexit deadline - October 31st – with both sides becoming increasingly weary and frustrated at the continued ‘cankicking’ exercise. Against this backdrop, Sterling is likely to become more volatile, a boon for traders who have had to sit back and watch most Sterling pairs trade in relatively restricted ranges over the past three months.

英镑（英镑）可能会变得更加波动，因为时间缩短到最新的英国脱欧截止日期 - 10月31日 - 双方变得越来越疲惫和沮丧持续的'cankicking'练习。在这种背景下，英镑可能会变得更加波动，对于那些不得不坐下来观看大多数英镑对在过去三个月内交易相对受限的交易者来说，这是一个福音。

Chart prepared by Nick Cawley

由Nick Cawley编写的图表

Sterling Q3 Technical Analysis: GBPUSD: Holding Flash Crash Trendline Support

Sterling Q3技术分析：GBPUSD：持有Flash Crash Trendline支持

{4}

Losses persisted for GBPUSD after failing to consolidate above the 1.3000 handle. Although, at the back end of Q2, the pair had managed to find stability above 1.2500, which also coincided with the rising trendline stemming from the October 2016 flash crash. While the pair may have found a floor at 1.2500 in the near-term, momentum indicators on the longer-term timeframes (weekly & monthly) remain tilted towards a bearish bias, thus a retest of 1.2500 cannot be ruled out, particularly if a closing break below the key trendline was made, which would expose the 1.2426 January low.

{4}

Chart prepared by Justin McQueen

由Justin McQueen编写的图表