Our Trade of the Year - GBPUSD Macro Outlook

Traders & Investors!

Brexit is here and the slowdown begins. Our trade of the year can be expressed via GBPUSD.

Our view
- Macro slowdown via Brexit impetus on UK economy will force BoE into dovish future monetary policy
- Broader global contraction will keep the dollar bid supported
- Technicals favouring broader sellside swing toward 1.25xx and 1.20xx buyside floor targets (+7.50% move)
- Head & shoulders pattern topping off a key fibonacci retracement
- Thin price control below 1.25x handle

We have added sellside exposure across both our macro and directional portfolios

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We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform.

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Until next time,

Portier Capital
Macro Strategy & Portfolio Management