EUR/GBP pushes higher to new multi-week highs near 0.90. GBP-weakness sustains the up move in the cross. EU-UK will resume talks later today in Brussels. The increasing selling pressure around the Sterling is now lifting EUR/GBP to fresh monthly tops in levels just shy of the key barrier at 0.90 the figure. EUR/GBP higher as ‘no deal’ picks up pace The upside momentum in the European cross has gathered extra pace on Tuesday after the likeliness of a ‘no deal’ Brexit appears to have gained momentum following the telephone call between PM B.Johnson and Chancellor A.Merkel. In fact, Number 10 deemed a Brexit agreement as ‘essentially impossible’ following the Merkel-Johnson call earlier in the day. However, both UK and EU officials are expected to resume talks later today in Brussels. In the meantime, volatility around the British Pound is expected to increase in the next days ahead of the Queen’s Speech on October 14th and the key EU Summit on October 17th-18th, while speculations over a potential extension of Article 50 to January 31st and the call for early elections in the UK remain on the rise. In the docket, the German Industrial Production expanded at a monthly 0.3% during August, not only surprising everybody in the markets but also reversing the previous month’s contraction. EUR/GBP key levels The cross is gaining 0.76% at 0.8991 and faces the initial hurdle at 0.9004 (38.2% Fibo of the May-August rally) seconded by 0.9019 (55-day SMA) and finally 0.9127 (23.6% Fibo of the May-August rally). On the flip side, a drop below 0.8880 (21-day SMA) would expose 0.8829 (200-day SMA) and then 0.8785 (monthly low Sep.20). 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 US: Fed speak and Producer Prices in limelight today – TD Securities FX Street 3 years EUR/GBP pushes higher to new multi-week highs near 0.90. GBP-weakness sustains the up move in the cross. EU-UK will resume talks later today in Brussels. The increasing selling pressure around the Sterling is now lifting EUR/GBP to fresh monthly tops in levels just shy of the key barrier at 0.90 the figure. EUR/GBP higher as 'no deal' picks up pace The upside momentum in the European cross has gathered extra pace on Tuesday after the likeliness of a 'no deal' Brexit appears to have gained momentum following the telephone call between PM B.Johnson and Chancellor A.Merkel. In fact, Number 10… 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.