GBP/USD Jumps on Brexit Specualtion
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 parl
Rowan Crosby•Tuesday, February 26, 2019•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.
GBP/USD Jumps
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.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals