The British pound received a support - Ester Holdings
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The British pound received a support

After British Prime Minister T. May announced its new course on Brexit, the British pound sharply accelerated growth against its main competitors. So, it retreated from multi-day lows. The reason for the growth of the British pound were the words of T. May, that she convinced the ministers to approve her new course, which will be presented later today.

Despite the correction and growth attempts, the market continues to be skeptical that the UK government can accept a Brexit deal. On the other hand, if May succeeds in moving the negotiations on the Brexit from the “dead point”, this may serve as a reason for a significant correction in the British pound.

Fig. GBP/USD chart. Current price – 1.2740

Read also: “The Euro index as an auxiliary indicator”

Hanzenko Anton


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