British pound accelerated the growth - Ester Holdings
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British pound accelerated the growth

With the opening of the European session, the British pound has received a significant support on the data that the UK may refuse Brexit. Such a message caused a significant increase in pound’s optimism and caused its strengthening across the market. So, it became known that in the framework of the trial, the UK may withdraw the 50 article of the Treaty of Lisbon, which became the basis for Brexit. While it is just an opportunity that is not supported by a court decision, but against the background of the Brexit problem, it looks like a very significant trump card against British Prime Minister May and Brexit supporters.

The growth of the British pound also increased the pressure on the US dollar and supported European currencies, especially the euro. Thus, the  GBP/USD pair accelerated growth on the growth of optimism for the pound, but continues to be limited to resistance levels of 1.2850 and 1.2880.

GBP/USD chart. Current price – 1.2830

Read also: “Stock Indices: the Japanese Market”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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