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  • 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  


       Today Last Price:  1.3258
       Today Daily change:  0.0183  pips
       Today Daily change %:  1.40%
       Today Daily Open:  1.3075
       Daily SMA20:  1.3082
       Daily SMA50:  1.2986
       Daily SMA100:  1.2885
       Daily SMA200:  1.2984
       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