【Feature: Target Currency Pairs】GBPJPY and GBPUSD outlook going forward—the climactic Brexit that will shape 2021 and beyond!—［YEN Kura］

YEN-Kura-san Profile

With over 20 years at a foreign bank as a foreign exchange dealer, currently trading as a top professional trader. President & Representative Director of ADVANCE, a company whose main business is distributing investment information.

Twitter：https://twitter.com/YENZOU

How YEN-Kura-san views the current GBP/JPY and GBP/USD!

◦ It won’t be a one-sided pound sell-off

The pound has been sold mainly against the euro in addition to the dollar and yen, but given issues in the euro area (Italy concerns) and political uncertainty in Germany, a one-directional pound sell-off is unlikely. In the AUD pair, which is highly correlated with the pound, it is not expected to be as weak as other currency pairs.

◦ Extension of the transition period ending in June

The key point is whether there is room to extend the transition period whose deadline is the end of 2020. The deadline for reaching such an extension decision is approaching this June, and the outcome of this agreement is expected to have a significant impact on movements from the second half of 2020 onward.