It's Brexit all the way today with the EU summit in focus
Comments coming out seem to support a deal for the UK with Juncker saying he's "quite confident" a deal can be reached.
But as I've said a few times here it's not what they decide it's what the UK voters decide. I accept though that a decent set of reforms/concessions will increase the desire to stay in. How likely is that though?
Either way we can expect PM Cameron and his cronies to add lashings of spin.
GBPUSD has posted 1.4368 and still looks underpinned today. EURGBP has fallen through 0.7750 helped by a general euro softness as equities turn higher.Earlier comments from BOE's Cunliffe appeared to have pleased a few bulls and scared a few doves but there was nothing really of note.
These are fragile times and ever fickle markets so my old mantra rings true. Ours is not to reason why, ours is just to sell and buy.
Go with the flow and just pick your levels of entry well. Oh, and don't get greedy.
