The main market’s drivers

The British pound received unexpected support against the main competitors after the news that Germany is ready to abandon the key requirements for Brexit.

As a result the British pound demonstrates growth across the market.

GBP/USD chart. Current price – 1.2940

Against the backdrop of the pound’s growth,  the euro also received a support  thereby provoking the dollar index collapse.

The growth of the British currency, in turn, is limited by the lack of confirmation of this news and a general downward channel, the upper limit of which is at the level of 1.2990-1.3030.

Andre Green

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

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