GBP gathers strength on reports pointing to a draft Brexit deal on Tuesday. GBP/USD surges to its highest level since May near 1.2800. Citing two European Union (EU) officials on Tuesday, Bloomberg reported that the United Kingdom and the EU were closing in on a draft deal Brexit deal that could be completed before the end of the day on Tuesday and provided a strong boost to the British Pound. Reflecting the broad GBP strength, the GBP/USD pair rose to its highest level since mid-May at 1.2799. However, British Prime Minister Boris Johnson’s spokesman in the last minutes noted that there was still more work to be done in Brexit talks and caused the pair to pull away modestly from its highs. Similarly, the EUR/GBP pair seems to have found support 0.8625. As of writing, the pair was down 1.25% on the day at 0.8635. Reporting on the latest developments, “It is understood that the negotiating teams have agreed in principle that there will be a customs border down the Irish Sea. The arrangement was rejected by Theresa May as a deal that no British prime minister could accept,” the Guardian wrote. Now markets are waiting for an official confirmation of a draft deal. Technical levels to watch for 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 Ireland’s Varadkar: Unclear if we can have a deal in time for EU summit FX Street 4 years GBP gathers strength on reports pointing to a draft Brexit deal on Tuesday. GBP/USD surges to its highest level since May near 1.2800. Citing two European Union (EU) officials on Tuesday, Bloomberg reported that the United Kingdom and the EU were closing in on a draft deal Brexit deal that could be completed before the end of the day on Tuesday and provided a strong boost to the British Pound. Reflecting the broad GBP strength, the GBP/USD pair rose to its highest level since mid-May at 1.2799. However, British Prime Minister Boris Johnson's spokesman in the last minutes noted that… 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.
