{"id":143563,"date":"2019-03-13T08:30:01","date_gmt":"2019-03-13T12:30:01","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143563"},"modified":"2019-03-13T07:25:08","modified_gmt":"2019-03-13T11:25:08","slug":"is-britain-at-the-edge-of-a-political-cliff","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/is-britain-at-the-edge-of-a-political-cliff\/","title":{"rendered":"Is Britain At The Edge Of A Political Cliff?"},"content":{"rendered":"
March 13, 2019<\/div>
\r\n<\/div><\/div>

By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Recent news that Theresa May was unable to convince members of Parliament to even consider her current deal as well as the future political and societal consequences of any failure to move ahead with an orderly Brexit deal.\u00a0 The question before traders and investors is how will this reflect in the global markets and how will currencies react to this new?<\/p>\n

The GBP (British Pound) appears to be poised to a breakdown move aligning with our Fibonacci Arc structures.\u00a0 These arc structures help us to understand where \u201cinflection points\u201d are likely in the markets and where bigger moves may initiate.\u00a0 The current Arc level, near current price, is indicating that any failure of an upside move will likely prompt a downside move to near 0.739 \u2013 or lower.<\/p>\n

\"\"<\/p>\n

The overwhelming vote to deny Theresa May\u2019s Brexit deal came down to 391 Against and 242 For the current Brexit deal.\u00a0 It is likely that the British Parliament will continue to break down into warring factions as a contentious future political outcome will play out.\u00a0 The people of Britain are still wanting to complete the Brexit while it appears Parliament has yet to come to terms with the process.<\/p>\n

We believe this current event will be somewhat isolated to Britain and European nations, yet be believe there could be a larger contagion even if other nations attempt to push their desires to leave the EU as well.\u00a0 Overall, time will tell how this plays out with global investors.\u00a0 Our first impressions are that the global markets will move lower on this news and that currencies could find new weakness as this chaos continues.<\/p>\n

Please take a minute to visit www.TheTechnicalTraders.com\/FreeResearch\/ to read all of our most recent research \u2013 including our very details 5-part global economic research post.\u00a0 This post is very important because it shows you predicted price levels going all the way into 2021 and highlights why this \u201cnew bull market\u201d may just be getting started.\u00a0 Find out why www.TheTechnicalTraders.com is dedicated to helping you find and execute better trades and stay ahead of these market moves.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Chris Vermeulen<\/p>\n

TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com Recent news that Theresa May was unable to convince members of Parliament to even consider her current deal as well as the future political and societal consequences of any failure to move ahead with an orderly Brexit deal.\u00a0 The question before traders and investors is how will this reflect in the global markets […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-143563","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=143563"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143563\/revisions"}],"predecessor-version":[{"id":143564,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143563\/revisions\/143564"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=143563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=143563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=143563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}