Increased odds of no-deal Brexit, USD rebound knocks-off GBP/USD. All eyes remain on Brexit headlines, US macro data and EU Summit. The GBP/USD pair stalled its steady recovery mode near 1.3160 and ran into heavy offers after the greenback staged a solid rebound across the board, mainly driven by an 80-pips sell-off in the EUR/USD pair following awful Eurozone and German manufacturing March PMI reports. Goldman Sachs raises chances of no-deal Brexit, says all options in play The latest slide in the spot can be also attributed to the return of the GBP bears, as markets are now pricing in the chances of a no-deal Brexit again, as they believe the 2-weeks Brexit deadline extension granted by the European Union (EU) to the UK PM May is unlikely to resolve any problem for May’s government. Meanwhile, no new surprises offered by the Bank of England (BOE) a day before also continues to weigh down on the investors’ minds, as attention gradually shifting towards a fresh batch of macro releases from the US docket due later today. Markets look forward to the manufacturing and services PMI reports from Markit and existing homes sales data for fresh trading incentives while the Brexit-related anxiety will continue to play out ahead of the EU Summit next week. GBP/USD Technical Levels 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 Eurozone: PMI drops in March – ING FX Street 4 years Increased odds of no-deal Brexit, USD rebound knocks-off GBP/USD. All eyes remain on Brexit headlines, US macro data and EU Summit. The GBP/USD pair stalled its steady recovery mode near 1.3160 and ran into heavy offers after the greenback staged a solid rebound across the board, mainly driven by an 80-pips sell-off in the EUR/USD pair following awful Eurozone and German manufacturing March PMI reports. Goldman Sachs raises chances of no-deal Brexit, says all options in play The latest slide in the spot can be also attributed to the return of the GBP bears, as markets are now pricing in… 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.
