The GBP/USD pair lifted above 1.2900 on headlines that the UK and EU will persist with Brexit negotiations, adding to background optimism that a deal can be reached at the eleventh hour. Nonetheless, Terence Wu from OCBC Bank expects the cable to be capped by the 1.30 mark. Key quotes “Rhetoric from the negotiators on both sides were nowhere near optimistic, although intervention from EC President von der Leyen and PM Johnson kept the talks going. The fact that the talks would continue was enough to suppor the GBP. Nevertheless, given the lack of material progress, we still see the 1.2950-1.3000 range as a cap for now. Prefer to sell on rallies towards those levels” “Support level around the 1.2850 area should limit dips, with 1.3000 capping at the topside.” 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 AUD/USD surrenders early modest gains, holds steady above mid-0.7100s FX Street 2 years The GBP/USD pair lifted above 1.2900 on headlines that the UK and EU will persist with Brexit negotiations, adding to background optimism that a deal can be reached at the eleventh hour. Nonetheless, Terence Wu from OCBC Bank expects the cable to be capped by the 1.30 mark. Key quotes “Rhetoric from the negotiators on both sides were nowhere near optimistic, although intervention from EC President von der Leyen and PM Johnson kept the talks going. The fact that the talks would continue was enough to suppor the GBP. Nevertheless, given the lack of material progress, we still see the… 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.