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GBP/USD daily outlook

stian
Nov 13 2018 at 16:33
325 posts
Draft brexit deal to be presented tomorrow. How big the rally will be depends on how much resistance it might face by the cabinet and parlament. But downside seems very limited now.

stian
Nov 13 2018 at 18:43
325 posts
Nor not, seems like deal hits strong opposition.

SarahDW
Nov 14 2018 at 01:47
229 posts
Once again, Brexit related headlines about the EU and the UK agreed on a Brexit deal have been driven the pair and hit this week high. But it is still a long way ahead of us, the deal is yet to be approved by the UK's parliament, let's see.

arigoldman (arigoldman)
Nov 14 2018 at 07:57
907 posts
The pair reached the inflection point at the 100- and 50SMA and retreated to lower levels. I'm expecting it to touch the 1.28 level briefly before continuing to the upside.

deresel
Nov 14 2018 at 08:09
708 posts
GBP/USD: The pound rises in price for the second session in a row. The pound was supported by information that the European Union and the United Kingdom at the expert level agreed on the text of the Brexit agreement. The pound against the US dollar rose 0.2% during trading on Wednesday - to $1,3003 against $1.2977 at the close on Tuesday. Yesterday the British national currency has risen by 1% against the dollar.

SarahDW
Nov 14 2018 at 23:13
229 posts
GBP/Usd had rollercoaster day while Brexit news kept coming. Currently, the pair is trading just under 1.30 level and lack of strong directional strength, I guess only Brexit headlines will tell us more clearly about where this pair going.

Justice1024
Nov 15 2018 at 06:43
210 posts
Pound/dollar is moving in a range between 1.3040 and 1.2900. If the pair manages to break 1.3040, the next level is 1.3130. On the flip side, the pair will go back to 1.2900.

arigoldman (arigoldman)
Nov 16 2018 at 12:35
907 posts
I don't think GBPUSD found the bottom on the short term. I'm expecting another leg to 1.2660.

stian
Nov 16 2018 at 13:05
325 posts
Its all headline driven. But with a motion of no confidence up on the table and polical headwind, upside should be limited in the coming days.

deresel
Nov 16 2018 at 14:08
708 posts
GBP/USD: The rate of the pound sterling during the trading on Thursday demonstrates the maximum fall in 17 months on the news that three British ministers resigned at once because of disagreement with the draft agreement of the UK and the EU on Brexit.
On Thursday, the pound fell against the US dollar by 1.8% to $1.2762 per pound against $1.2972 at the close on Wednesday. The British currency almost completely erased the growth since the beginning of the year.

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