UK MPs supported the Withdrawal Act Bill but voted against PM Johnson’s program motion that would have forced them to debate the deal in three days, in order to take the UK out of the EU by month-end. The government may call for an election, GBP/USD below 1.2900. Live.
The UK Parliament has rejected PM Johnson’s time table, lifting odds of an upcoming election in the kingdom. Volatile trading ahead of more clarity as the drama continues.
Turmoil around Brexit and the absence of any other relevant catalyst weighs on the common currency, EUR/USD battling with 1.1120.
Ripple performance in October has been relatively better compared to other major digital currencies. The world’s third-largest crypto is stepped above $0.30 last week but failed in sustaining gains towards $0.31.
ETH/USD hit $178.28 on Monday and retreated to $174.57 by press time. The second-largest coin is moving inside a tight range amid slow trading activity in sync with the market.
NEO, currently the 21st largest coin with the total market value of $527 million, has gained about 1.7% in recent 24 hours to trade at $7.5 at the time of writing. Since the beginning of Tuesday, NEO/USD has gained about 1%.
Mario Draghi will preside his last monetary policy meeting next Thursday
The EUR/USD pair has reached a fresh seven-week high of 1.1152 this Friday, amid a better perception of risk factors fueling demand for high-yielding assets in detriment of the greenback. The initial catalyst for the pair’s rally was the announcement that the United Kingdom and the European Union made an accord on the UK’s departure from the Union.
GBP/USD is trading around 1.30 and awaiting a critical vote on Brexit in the UK parliament. The technical battle lines are drawn.
The Technical Confluences Indicator is showing that initial resistance awaits at 1.2994, which is the convergence of the previous 4h-high, the previous weekly high, the Simple Moving Average 5-15m, and the Bollinger Band 15min-Upper.
The next cap is 1.3027, which is the meeting point of the Pivot Point one-day Resistance 1 and the BB 4h-Upper.
GBP/USD's upside target is 1.3142, which is where the Pivot Point one-week Resistance 1 meets the price.
Support awaits at 1.2906, which is the confluence of the BB 4h-Middle and the PP one-month Resistance 2.