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Thomson Reuters
Apr 08 - 09:48 PM
GBP/USD - Brexit Breakthrough Elusive, But GBP Hangs In
First appeared on eFXplus on Apr 08 - 07:25 PM
  • Flat after closing +0.2%, led by a softer USD, with GBP on hold at present
  • House of Lords approved law forcing May to consult on delay nL8N21Q5N6
  • PM's talks with the opposition struggle to find a breakthrough nL8N21Q3E2
  • Hard to see a short Brexit delay until June 30th achieving a viable outcome
  • Pivotal support @ 1.2976 200 DMA, a base on Friday and on the close in March
  • Close below would target 1.2895, 50% of 2019 rise then 1.2780 61.8%

gbp apr 9 Click here

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