The British pound received a support again

The British pound  received a support again from the comments of the negotiator from the EU Barne, who said that the Brexit agreement could be reached in the next 6-8 weeks.

GBP/USD chart. Current price – 1.3010

However, such a statement is not the first and Barne remains the main driver for the growth of the British pound in recent weeks and speculation on its monotonous statements look increasingly questionable. As a result, correction to support levels: 1.2980-50 and 1.2900 is possible. Resistance is the mark: 1.3050 and 1.3070-80.

Read also: “Fundamental analysis: The labor market and its impact on the dynamics of the national currency”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. How long will last the US trade war against all?!
2. Swedish Krona. Features of trading Scandinavian currencies
3. Norwegian Krone. Features of trading Scandinavian currencies

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!