Profit: -$10.23 Total: $1,291.99
All eyes on Boris Johnson and Theresa May as they are the potential candidates for Britain’s new Prime Minister. One of them needs to declare a Conservative leadership to get things in order. As of now, nothing is set on stone but the deadline’s tomorrow at noon. Things can go anyway for the pound, if they are set to leave the EU we’ll see further down movement, if not, this bounce will go even higher.
I was too greedy on the long GBP/USD trade. Overnight it gained 130+ pips, but I went to add in more longs which ended on a bad note. I didn’t want to hold since tomorrow can be a game changer for the markets. For now I’m focused on the news to see Britain’s new steps.