GBP/USD Evaluation and Speaking FactorsGBP/USD Rallies to Contemporary Highs After EU Official States that Brexit Deal is Execute
GBP/USD Evaluation and Speaking Factors
- GBP/USD Rallies to Contemporary Highs After EU Official States that Brexit Deal is Executed
- Proceed with Warning as DUP Baulks at Deal
GBP/USD Rallies on New Brexit Deal
GBP/USD has surged to contemporary highs of the day on studies that the UK and EU have managed to agree a brand new Brexit deal forward of the EU summit. European Fee President Juncker mentioned that this new deal is a good and balanced settlement for each the EU and UK. Consequently, the main focus is now on Saturday by which MPs will likely be voting on whether or not they again the brand new deal or not.
Proceed with Warning as DUP Baulks at Deal
In response to the information that the UK and EU have agreed a brand new deal, the DUP has barely poured chilly water on this optimism as they reiterated that they don’t again the deal because it stands. The assist of the DUP is essential for getting the brand new deal handed by means of parliament as their assist would additionally possible see the ERG on board, thus growing the probability that Boris Johnson might get a majority.
GBP/USD Worth Chart: 1-minute Timeframe (Intraday)
— Written by Justin McQueen, Market Analyst
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