The Anatomy Of A Brexit Appointment by Eva J. Tompkins and Jody Wong
A trade occurs every day, hour, and minute. However, it’s not very often that you get to trade by appointment. Here, we look at the entry, management, and target of a Brexit trade.
The referendum of the United Kingdom (UK) on June 23, 2016 that would decide whether the UK would exit the European Union (EU) was an opportunity to create a GBPUSD trade that could be planned in advance pursuant to a set of trading rules. Unlike the intervention of the Bank of Japan on March 18, 2011 or the Swiss National Bank’s removal of the peg of the Swiss currency to the euro on January 15, 2015, the Brexit (Britain exit) trade could be anticipated and planned using both fundamental and technical analysis. The appointment was set for June 23, 2016 at 5:00 pm EST ...