Sterling kicked off Monday on the weak side as Brexit ministers resign over PM May’s latest Brexit strategy. The USD heads into the new weak on a softer tone following Friday’s NFP figures, and the Sterling has an opportunity to capitalize. The GBP/USD is looking to find some bullish momentum for Monday’s upcoming London trading session, after spending the early week trading window on the hesitant side following headlines that several members of the UK parliament, including Brexit Secretary David Davis, have resigned from their posts within the parliament’s Brexit department in protest of Prime Minister Theresa May’s latest soft Brexit proposal, a plan that Davis has decried as betraying the original Brexit referendum results. Monday sees little on the economic calendar for the GBP, with only a speech from the Bank of England’s Broadbent at 07:50 GMT, while the US side will be seeing traders turning their focus to Thursday’s upcoming CPI reading, and US CPI figures are expected to tick higher from 2.2% to 2.3%. GBP/USD Technical analysis The Sterling is in transition from a falling wedge into a rising channel, and the GBP/USD is heading to test the 50-day MA at 1.3355. The 5- and 10-day MAs have also crossed bullish, with a rising RSI. Spot Rate: 1.3306 Relative change: -0.06% Daily High: 1.3318 Â Daily Low: 1.3284 Trend: Bullish R1: 1.3318 (Asian session high) R2: 1.3355 (50-day MA) R3: 1.3472 (June 7 high) S1: 1.3285 (session low) S2: 1.3244 (5-day MA) S3: 1.3197 (10-day MA GBP/USD Chart, 1-Hour 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 GBP/USD neutral, could move to 1.3400 – UOB FX Street 4 years Sterling kicked off Monday on the weak side as Brexit ministers resign over PM May's latest Brexit strategy. The USD heads into the new weak on a softer tone following Friday's NFP figures, and the Sterling has an opportunity to capitalize. The GBP/USD is looking to find some bullish momentum for Monday's upcoming London trading session, after spending the early week trading window on the hesitant side following headlines that several members of the UK parliament, including Brexit Secretary David Davis, have resigned from their posts within the parliament's Brexit department in protest of Prime Minister Theresa May's latest soft… 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.