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Author Topic: GBP/USD: Barnier’s No-Go for UK post-Brexit trade plans keep Sterling under 1.31  (Read 2463 times)

ForexMan

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Sterling is trading down 0.15% below 1.3100 level after the negative mood carried over from Thursday after EU chief negotiator Michel Barnier said the bloc refuses the UK latest proposal for post-Brexit trade setup, sending Sterling down 100 pips.

https://www.fxstreet.com/currencies/gbpusd



Dablla

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Simdik

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Well, that's changing.



TradeForexcopier

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Reply #3 on: January 28, 2019, 03:00:38 PM
The rally in Sterling takes a breather concerning Monday.
Cable comes down after roomy 2019 highs progressive than 1.3200.
Tuesdays crucial vote not far afield off from Brexit Plan B in center stage.


After advancing to active yearly peaks above 1.3200 the figure, GBP/USD met a greeting of lighthearted sellers and fell to the area of daily lows in the 1.3140/35 band.

GBP/USD all the attention behind hint to Brexit vote

The capable taking place shakeup in Cable appears somewhat interrupted at the start of the week amidst increasing cautiousness together together together then investors in well-ventilated of the imminent parliamentary vote upon Mays Brexit Plan B.

In fact, the UK Parliament will vote tomorrow upon PM Mays surrogate plot for the UK-EU divorce along considering amendments put concentrate on by several MPs, which mainly consist of postponing the key Article 50, solutions for the Irish backstop and preventing a no-union scenario.

Therefore, GBP is granted to trade within a sideline feel as markets profit closer to the Brexit discussions, although the unconditional consequences remains largely uncertain. It is worth noting that the recent and brilliant rebound in Cable has been upon the auspices of renewed optimism upon a pardon decrease to this novel.

GBP/USD levels to facilitate

As of writing, the pair is losing 0.23% at 1.3166 facing the adjacent preserve at 1.3138 (low Jan.28) seconded by 1.3065 (200-hours of day SMA) and finally 1.3001 (tall Jan.17). On the new hand, a crack above 1.3217 (2019 tall Jan.25) would admission the access to 1.3257 (monthly high Oct.12 2018) and later 1.3298 (monthly high Sep.20 2018).



 

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