Pound Sterling Price News and Forecast: GBP/USD – Brexit breakthrough?
|GBP/USD ready to hit 100-day SMA after strong rally [Video]
GBPUSD had an impressive increase on Monday, jumping above the 50.0% Fibonacci retracement level of the down leg from 1.3515 to 1.1409 at 1.2460 and heading towards the 100-day simple moving average (SMA). The bias in the short-term timeframe remains neutral within the 1.2460 and the 1.2080 lines. Read More...
GBP/USD Forecast: Brexit breakthrough? Cable's continued climb depends on a deal, US demonstrations
Who will blink first? That seems to be the name of the game in EU-UK negotiations, and a breakthrough seems closer than last week – pushing the pound higher. According to The Times, Britain is ready to compromise on both fisheries – a small yet politically significant industry – and broader trade relations. The report suggests London is ready to compromise if Brussels does as well.
The change of tone comes amid the deadline to extend the transition period beyond year-end – something that Prime Minister Boris Johnson refused to do. Without an accord, Britain will default to World Trade Organization rules in 2021. Read More...
GBP/USD climbs beyond mid-1.2500s, fresh 1-month tops amid notable USD supply
The GBP/USD pair maintained its bid tone through the early European session and jumped to fresh one-month tops, just above mid-1.2500s.
The pair added to the previous day's strong intraday positive move of around 180 pips and gained some follow-through traction for the fourth straight session on Tuesday. The uptick also marks the GBP/USD pair's positive move for the sixth day in the previous seven and was sponsored by the prevalent US dollar selling bias. Read More...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.