Pounds jumps across the board after UK Parliament blocks a no-deal Brexit. On Thursday, MPs will debate and vote on a motion to extending Article 50. EUR/GBP heads for the lowest close since May 2017. The pound accelerated to the upside after the UK Parliament voted to rejected a no-deal Brexit and following numerous rumors and speculations, that include resignations at the cabinet. The EUR/GBP pair dropped from 0.8560 to 0.8471, hitting the lowest level in 22 months. The pair tumbled following action at the UK Parliament on the back of a stronger pound that kept rising despite the political chaos. The UK Parliament passed legislation to avoid Brexit without a deal and tomorrow will vote on the extension of Article 50. Despite the votes, the outlook continues to be dominated by uncertainty. Still, the UK Parliament appears to be far from agreeing to a Brexit deal and also, if an extension is requested, all EU members states will have to agree. “Speculation that hard Brexiters will look to vote for May’s deal has put a bid in GBP. While fluid, we think it may be difficult for GBP to sustain a range break until we have more clarity“, said TDS analysts. Near the end of the day, the pound remains strong as EUR/GBP trades slightly below 0.8500, headed toward the lowest close since May 2017. From a technical perspective, a close around current levels could point to further losses. The next strong support is seen around 0.8420/25. More levels Overview: Today Last Price: 0.8494 Today Daily change: -139 pips Today Daily change %: -1.61% Today Daily Open: 0.8633 Trends: Daily SMA20: 0.865 Daily SMA50: 0.8757 Daily SMA100: 0.8827 Daily SMA200: 0.8854 Levels: Previous Daily High: 0.8655 Previous Daily Low: 0.8475 Previous Weekly High: 0.8656 Previous Weekly Low: 0.8536 Previous Monthly High: 0.8842 Previous Monthly Low: 0.8529 Daily Fibonacci 38.2%: 0.8586 Daily Fibonacci 61.8%: 0.8544 Daily Pivot Point S1: 0.8521 Daily Pivot Point S2: 0.8408 Daily Pivot Point S3: 0.8341 Daily Pivot Point R1: 0.87 Daily Pivot Point R2: 0.8767 Daily Pivot Point R3: 0.888 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Technical Analysis: Euro heading towards 1.1400 figure FX Street 4 years Pounds jumps across the board after UK Parliament blocks a no-deal Brexit. On Thursday, MPs will debate and vote on a motion to extending Article 50. EUR/GBP heads for the lowest close since May 2017. The pound accelerated to the upside after the UK Parliament voted to rejected a no-deal Brexit and following numerous rumors and speculations, that include resignations at the cabinet. The EUR/GBP pair dropped from 0.8560 to 0.8471, hitting the lowest level in 22 months. The pair tumbled following action at the UK Parliament on the back of a stronger pound that kept… 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.
