GBP likes Brexit News: GBP/USD, EUR/GBP

In a duel over Brexit negotiations where something had to give, traders seem to think it has! Earlier, comments from EU negotiator Barnier that a deal is “within reach” if both sides “compromise” seem to be exciting GBP traders. After Boris Johnson had walked away from the table on Friday, it seems the EU is willing to get negotiations moving again. Current comments are calling for a deal by mid-November. GBP/USD had pulled back to the 38.2% Fibonacci retracement level from the March lows to the September 1st highs near 1.2690 and bounced. Over the last week, the pair consolidated between 1.2875 and 1.3075 … (full story)

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