UK Parliament votes to reject a no-deal Brexit. Political uncertainty reins amid rumors of resignations from the UK cabinet. Cable spikes to 1.3277 and pulls back modestly. The GBP/USD pair rose after the Brexit related votes at the UK Parliament. It reached a fresh daily high at 1.3280 and pulled back modestly. As of writing trades at 1.3250, up almost 200 pips for the day, despite all the political uncertainty. Cable erased yesterday’s losses and is about to post the highest close in two weeks as it trades close to February highs. The pound remains strong in the market despite the political chaos in the UK. The UK Parliament passed legislation to prevent the UK from making a Brexit without a deal. The House of Commons passes May’s backed motion (321 – 278) but previously also an alternative measure, the Spelman amendment (312 – 308), a defeat to May. UK PM spoke after the votes and mentioned that the options remain the same as before, including a “damaging” second referendum. At the same time, the media is reporting of resignations at the cabinet. Technical levels GBP/USD Overview: Today Last Price: 1.3258 Today Daily change: 0.0183 pips Today Daily change %: 1.40% Today Daily Open: 1.3075 Trends: Daily SMA20: 1.3082 Daily SMA50: 1.2986 Daily SMA100: 1.2885 Daily SMA200: 1.2984 Levels: Previous Daily High: 1.329 Previous Daily Low: 1.3005 Previous Weekly High: 1.3269 Previous Weekly Low: 1.299 Previous Monthly High: 1.3351 Previous Monthly Low: 1.2773 Daily Fibonacci 38.2%: 1.3114 Daily Fibonacci 61.8%: 1.3181 Daily Pivot Point S1: 1.2957 Daily Pivot Point S2: 1.2838 Daily Pivot Point S3: 1.2671 Daily Pivot Point R1: 1.3242 Daily Pivot Point R2: 1.3409 Daily Pivot Point R3: 1.3527 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 EUR/GBP Technical Analysis: Market under pressure as Sterling gains on Brexit news FX Street 4 years UK Parliament votes to reject a no-deal Brexit. Political uncertainty reins amid rumors of resignations from the UK cabinet. Cable spikes to 1.3277 and pulls back modestly. The GBP/USD pair rose after the Brexit related votes at the UK Parliament. It reached a fresh daily high at 1.3280 and pulled back modestly. As of writing trades at 1.3250, up almost 200 pips for the day, despite all the political uncertainty. Cable erased yesterday's losses and is about to post the highest close in two weeks as it trades close to February highs. The pound remains strong 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.
