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The pound is at its highest for 22 months

The pound is at its highest for 22 months
07/03/2019

GBP is in the spotlight with the Brexit pproaching fast

The EURGBP rate has kept pace with Brexit since the referendum on June 23, 2016. It was around 0.76 when the British voted for the EU exit or not. Following the result of the referendum and forecasts of the impact of the exit, the Sterling fell until reaching 0.9310 price in August 2017.

More recently, on January 3, 2019, the pound was almost at 0.91. Since then, it has only become stronger as and when information and decisions made by Brexit stakeholders. The EURGBP is now below 0.86. The sterling thus rose almost 6% in just over two months.

Should you create, maintain or close your position in GBP? Only the future will tell us ... we will already have an overview on March 29 ...

As for the euro, flat calm before the ECB meeting this afternoon ...