Brexit Drama

GBP/USD Jumps on Brexit Specualtion

Posted Tuesday, February 26, 2019 by
Rowan Crosby • 1 min read

Another day and more speculation around Brexit. Today the news is positive for Cable as it appears that PM May is getting set to update parliament on the possibility of delaying the deadline.

As it stands the deadline was sitting at March 29.

PM May is expected to allow Cabinet to discuss extending the deadline further. That will stop the UK leaving the EU without a deal in place.



The GBP/USD is higher on the news and today is pushing up 0.2% in early Asian trade.

There are some key levels ahead and none bigger than 1.3200. If we start seeing price test the highs and hold, then we could well be in for an extended move.

1.3300 is major resistance and is the next key point that will need to break.

GBP/USD – 240min.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments