GBP Higher as Brexit Rules

//GBP Higher as Brexit Rules

The Great British Pound is higher against most G-10 currencies after UK Prime Minister Boris Johnson and Ireland Taoiseach Leo Varadar met today. The 2 leaders declared they had a positive meeting and that a deal for an orderly Brexit can be done by the end of the month! Although GDP, Industrial Production, and manufacturing data out of the UK were worse than expected, Brexit continues to rule the markets. GBP/USD closed up nearly 250 pips on the day, or 2.0%. The pair halted its ascent at the September 20th lows and horizontal resistance and the lows at 1.2460. The 38.2% Fibonacci retracement level from the March … (full story)

2019-10-11T11:39:55+00:00