JP Morgan Chase & Co is set to shift a staggering $230 billion out from the UK into Frankfurt, Germany under Brexit. With this gigantic transfer, it will be ‘one of the largest banks in Germany’ – Bloomberg reports. JP Morgan is only one of several international banks who have begun ramping up operations in the EU with less than 4 months on the calendar before the Brexit transition deal expires.
Currently, indecision is observed in the GBP/USD pairing with the formation of a Doji candle yesterday. This followed a sell off from 1.3483 to 1.2675 at the 200-day SMA support line (which could point towards seller exhaustion).
Seems to me that indecision is not only limited to the GBP/USD pairing – but to the overall tone of the Brexit deal as well. The question is: deal, or no deal? The world needs to know, already.
Penafian: Pandangan yang dinyatakan adalah semata-mata dari pengarang dan tidak mewakili kedudukan rasmi Followme. Followme tidak bertanggungjawab ke atas ketepatan, kesempurnaan, atau kebolehpercayaan maklumat yang diberikan dan tidak bertanggungjawab untuk sebarang tindakan yang diambil berdasarkan kandungan, melainkan dinyatakan secara bertulis secara jelas.
Tiada komen lama, mula komen sekarang