The British pound received a support
The British pound has sharply strengthened its position on the statement that the Brexit deal may be accepted this week on Sunday. At the same time, at least two more significant issues remain that hinder this agreement. It is the controversial territory of Gibraltar, which is claimed by Spain and the trade question between Britain and the EU, which is also not fully resolved.
At the same time, there are also no clear opinions on the Brexit agreement within the British government, despite the fact that British Prime Minister T. May says the opposite. There is also a high probability that the transition period will continue.
So far, the British pound is showing growth on market optimism, limited to the monthly downward channel, the upper limit of which is located at the level of 1.2890-1.2920. Against the backdrop of political uncertainty, this it confirms the limited growth of the GBP/USD pair.
GBP/USD chart. The current price is 1.2880.
Read also: “Long-term positions on world indices”
Hanzenko Anton
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