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Nov 13 - 11:55 AM

GBP/USD - Gets Brexit Deal Hope, Tech And Stocks Bumps

By Content Admin  —  Nov 13 - 11:15 AM
  • Cable's taken solace in UK PM Johnson's Brexit advisor's exit nL4N2HZ2DR

  • Cummings seen as hard-liner, but "difficult issues remain" nL8N2HZ4AM

  • Today's 1.3112 low held above Thur's low near the rising 10-DMA

  • Pullback from Tuesday's 1.3322 high held above 38.2% Fibo & cloud top

  • Moderate stocks rise also supports given the positive correlation to GBP/USD

  • Daily RSIs reset from slightly overbought on Wednesday

  • Next Thursday's meeting of European leaders may be next key pressure point

  • Time for a deal is running out amid a debilitating pandemic

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Source:
Refinitiv IFR Research/Market Commentary

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