{"id":12062,"date":"2021-07-19T11:06:00","date_gmt":"2021-07-19T10:06:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=12062"},"modified":"2021-07-19T14:05:13","modified_gmt":"2021-07-19T13:05:13","slug":"gbpusd-drops-on-uk-freedom-day-as-markets-go-risk-off","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/gbpusd-drops-on-uk-freedom-day-as-markets-go-risk-off\/","title":{"rendered":"GBPUSD drops on UK \u2018Freedom Day\u2019 as markets go Risk-Off"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12062\" class=\"elementor elementor-12062\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f3632e4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f3632e4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bc6d7e5\" data-id=\"bc6d7e5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c2e1c4 elementor-widget elementor-widget-text-editor\" data-id=\"6c2e1c4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>GBPUSD Forex Analysis<\/strong><\/p><p>Confidence is a preference for the habitual voyeur, so says the opening line to Blur\u2019s Park Life. But confidence is what the markets thrive or die on. Governments don\u2019t just collapse, nor do Empires or currencies. It is a switch from believing the people in charge have an idea of what is needed to be done, and that they are capable of meeting their objectives and responsibilities. The belief that the pound will be worth at least the same tomorrow as it is today what keeps the smoke and mirrors and status-quo of the promissory note alive. To the opposite of confidence, with contempt and disillusionment.<\/p><p>Today is \u2018Freedom Day\u2019 in the UK and although it is a month overdue the government have been forced to do it now or never, as any time beyond this date risks them loosing face and increasingly making the COVID-19 3<sup>rd<\/sup> wave infection spike worse.<\/p><p>UK Gilts are rising and yields along the curve are dropping, the Bank of England is likely to prioritise its balance sheet, (as we have seen with the RBNZ) over rate hikes which is going to weigh on the short-term rates. The move into fixed income tells me that the markets are not overly confident with the UK\u2019s prospects, and you only have to watch the news for 30 mins to realise industry is not happy and nor are the general public. There is a real risk that the UK will grind to a halt and die of thousand pings, as more and more people are being told to down tools and self-isolate, because their mobile phone has been within a Bluetooth range of someone, who may have had a positive test result. With the talk from the Bank of England being Hawkish the UK economy which seems counter intuitive when looking at what is happening with regards to COVID-19, a boost to GBP will occur if the BoE say that they will be more accommodative during this period of uncertainty.<\/p><p>Across the globe, the infection rates are rising but the UK has gone above and beyond the norm and double vaccinated a large majority of adults and done all they can to protect the vulnerable.<\/p><p>A lack of confidence in the UK, and a lack of confidence in global oil demand or commodities is being reflected in the markets this morning. The UK government is unfortunately not making the confidence levels any better with mishaps and U-turns when we need them to be strong and self-assured. The <a href=\"https:\/\/bit.ly\/35GPYMk\" target=\"_blank\" rel=\"noopener\">FTSE100<\/a> has dropped as 99 of the 100 countries are under their opening prices.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-476a743 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"476a743\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-61b9c37\" data-id=\"61b9c37\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0e7be45 elementor-widget elementor-widget-image\" data-id=\"0e7be45\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"933\" height=\"1024\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/FTSE-heatmap.png\" class=\"attachment-large size-large wp-image-12064\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cf25813 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cf25813\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f7398b8\" data-id=\"f7398b8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0b8c2e6 elementor-widget elementor-widget-text-editor\" data-id=\"0b8c2e6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The UK is not the only market that is down, the <a href=\"https:\/\/bit.ly\/3q8NDDo\" target=\"_blank\" rel=\"noopener\">DAX <\/a>and other European bourses are falling heavily too. The move is toward safe havens and a risk-off environment.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-acdae7c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"acdae7c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-493d6d2\" data-id=\"493d6d2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-27f1d78 elementor-widget elementor-widget-image\" data-id=\"27f1d78\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"937\" height=\"490\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/Forex-heatma.png\" class=\"attachment-large size-large wp-image-12065\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fe6d30d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fe6d30d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e25f6d4\" data-id=\"e25f6d4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0721be3 elementor-widget elementor-widget-text-editor\" data-id=\"0721be3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Once again, we see the <a href=\"http:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">yen<\/a> and <a href=\"https:\/\/bit.ly\/3wsfLnp\" target=\"_blank\" rel=\"noopener\">US dollar<\/a> as the go to currencies but interestingly the <a href=\"http:\/\/bit.ly\/31pdEAU\" target=\"_blank\" rel=\"noopener\">Swiss franc<\/a> is the weaker of the 3 main safe havens today. The policy divergence of the Federal Reserve plus fiscal policies from the Treasury and US Administration is going to cause an ever-larger gap with those that have negative or zero interest rate policies. The <a href=\"http:\/\/bit.ly\/2KflF5J\" target=\"_blank\" rel=\"noopener\">Kiwi<\/a> would be following the <a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\" rel=\"noopener\">Aussie<\/a> and <a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\" rel=\"noopener\">Canadian dollar<\/a> a lot lower, a lot faster, if the RBNZ hadn\u2019t signalled a more Hawkish policy last week.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-387f92f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"387f92f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-686d08d\" data-id=\"686d08d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-83932fa elementor-widget elementor-widget-image\" data-id=\"83932fa\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"364\" height=\"135\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/GBPSD-sent.png\" class=\"attachment-large size-large wp-image-12066\" alt=\"\" srcset=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/GBPSD-sent.png 364w, https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/GBPSD-sent-360x135.png 360w\" sizes=\"(max-width: 364px) 100vw, 364px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-874856f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"874856f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ac4c0ae\" data-id=\"ac4c0ae\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ce663dc elementor-widget elementor-widget-text-editor\" data-id=\"ce663dc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The ActivTrader sentiment indicator shows that the <a href=\"http:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\" rel=\"noopener\">GBPUSD<\/a> traders are still slightly more confident that the pound can rise against the US dollar and long term, maybe they are correct. However, looking the chart there is a higher probability that any trader long Cable will have their stop losses hunted.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9678fc3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9678fc3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bf6a55c\" data-id=\"bf6a55c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bcec3f2 elementor-widget elementor-widget-image\" data-id=\"bcec3f2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"546\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/GBPUSD-17.png\" class=\"attachment-large size-large wp-image-12067\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-24f2c169 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"24f2c169\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-53fafd26\" data-id=\"53fafd26\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2389c2ab elementor-widget elementor-widget-text-editor\" data-id=\"2389c2ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-26dcbd9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"26dcbd9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5d5e94e\" data-id=\"5d5e94e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a84019a elementor-widget elementor-widget-text-editor\" data-id=\"a84019a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The daily chart for GBPUSD shows that price action has driven the pound below the 200-exponential moving average and the marked up double bottom is my Take Profit target #1.<\/p><p>Momentum and Price Action are moving to the downside but while the daily 50 ema is above the 200 ema, there is a chance that this new low is more of a look below before heading back into the trading range, rather than a full-on collapse. The collapse would be usually confirmed when there is a move below support and then a retest, where bulls fail to capture any significant higher ground.<\/p><p>Catching a falling knife is detrimental to your account. For the traders looking to long the GBPUSD, we need to see a level of support hold. For a bounce to occur and then a continuation trade. Preferably with no areas of balance directly above. For the traders looking to short, a retest of broken support which confirms as resistance is going to be key and a trailing stop would be advisable whilst the daily 50 ema is above the 200 ema.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>GBPUSD Forex Analysis Confidence is a preference for the habitual voyeur, so says the opening line to Blur\u2019s Park Life. But confidence is what the markets thrive or die on. Governments don\u2019t just collapse, nor do Empires or currencies. It is a switch from believing the people in charge have an idea of what is [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":8110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[56,45,14,57,20],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GBPUSD drops on UK \u2018Freedom Day\u2019 as markets go Risk-Off - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/gbpusd-drops-on-uk-freedom-day-as-markets-go-risk-off\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GBPUSD drops on UK \u2018Freedom Day\u2019 as markets go Risk-Off\" \/>\n<meta property=\"og:description\" content=\"GBPUSD Forex Analysis Confidence is a preference for the habitual voyeur, so says the opening line to Blur\u2019s Park Life. But confidence is what the markets thrive or die on. Governments don\u2019t just collapse, nor do Empires or currencies. It is a switch from believing the people in charge have an idea of what is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/gbpusd-drops-on-uk-freedom-day-as-markets-go-risk-off\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-19T10:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-19T13:05:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/05\/GettyImages-940834068.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"502\" \/>\n\t<meta property=\"og:image:height\" content=\"273\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Neville Hornsey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Neville Hornsey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/gbpusd-drops-on-uk-freedom-day-as-markets-go-risk-off\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/gbpusd-drops-on-uk-freedom-day-as-markets-go-risk-off\/\"},\"author\":{\"name\":\"Neville Hornsey\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\"},\"headline\":\"GBPUSD drops on UK \u2018Freedom Day\u2019 as markets go Risk-Off\",\"datePublished\":\"2021-07-19T10:06:00+00:00\",\"dateModified\":\"2021-07-19T13:05:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/gbpusd-drops-on-uk-freedom-day-as-markets-go-risk-off\/\"},\"wordCount\":800,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"BoE\",\"Covid-19\",\"DAX\",\"FTSE100\",\"GBPUSD\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/gbpusd-drops-on-uk-freedom-day-as-markets-go-risk-off\/\",\"url\":\"https:\/\/youtrading.com\/en\/gbpusd-drops-on-uk-freedom-day-as-markets-go-risk-off\/\",\"name\":\"GBPUSD drops on UK \u2018Freedom Day\u2019 as markets go Risk-Off - 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