We recently wrote that the EU is treating the UK like Greece and that no matter what happens, the EU will say there has not been enough progress. Well, there was some kind of feel-good atmosphere after Theresa May’s Florence speech. She offered a transition period, but not much more. The initial responses were warm, but did not amount to a change in the general message. Barnier and his colleagues say that more progress is needed. UK Trade Secretary Liam Fox added fuel to the fire. He said that if there is no deal by March, the UK will have to walk away. The “no deal is better than a bad deal” is seeming more likely. GBP/USD is already more than 300 pips off the highs, but this is more related to poor economic data and the comeback of the greenback. So far, we are not seeing an immediate reaction to the prospects of stalled negotiations. But it can come sooner than later. Support is found at 1.3220, followed by 1.3130. Resistance is currently at 1.3290. More: GBP: Set To Remain Volatile Amid 2 Opposing Forces – Barclays Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD: Correction Is ‘Understandable’; What’s Next? – BTMU Yohay Elam 5 years We recently wrote that the EU is treating the UK like Greece and that no matter what happens, the EU will say there has not been enough progress. Well, there was some kind of feel-good atmosphere after Theresa May's Florence speech. She offered a transition period, but not much more. The initial responses were warm, but did not amount to a change in the general message. Barnier and his colleagues say that more progress is needed. UK Trade Secretary Liam Fox added fuel to the fire. He said that if there is no deal by March, the UK will have… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
