The Sterling is trading higher today after UK Prime Minister Theresa May and European Comission President Jean-Claude Juncker met for a critical lunch at 1.15pm. The purpose of the lunch is to make progress towards a deal between the U.K. and Brussels on Brexit.
A few other important political figures will accompany the duo at the lunch and together they will be discussing the steps towards fulfilling the agreement contract for Brexit.
The Sterling shot up against all parties as GBP/USD is now trading at 1.3513, up from 1.3418. GBP/JPY is at 152.71, GBP/CAD makes a trend turn with a high of 1.7160.
Some of the conclusions we can make are that Britain and EU have agreed to regulatory alignment but negotiations will continue until breakthrough.
Very helpful post.
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ReplyDeleteIt found some resistance at 1.3540.
ReplyDeleteVery detailed post as always.
ReplyDeleteThank you for the useful info.
ReplyDeleteVery useful information! Thanks.
ReplyDeleteThe pair risk turned to the downside.
ReplyDelete