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GBP Begins to Pick Up Demand Ahead of Expected Brexit Announcement

GBP
MNI (London)
  • GBP/USD has edged up to place pressure on Wednesday's high of $1.3571, a break to expose next resistance into $1.3600.
  • Should demand build its brings $1.3677 into view (76.4% $1.4377-1.1412/ Equality move $1.1.3135-1.3624 off $1.3188)
  • EUR/GBP has also eased through its support at Gbp0.9000, grinding its way down to Gbp0.8994.
  • Cross support seen at Gbp0.8985/80 with the base of the 1.0% 10-dma envelope easing down to Gbp0.8971.
  • PM Johnson press conference possible around 0800GMT(BBC)
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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