“¢ Upbeat UK earnings data/fall in unemployment rate provided a minor lift earlier. “¢ Incoming Brexit headlines further boost sentiment surrounding the British Pound. The GBP/USD pair remained well bid through the mid-European session and spiked beyond the 1.3300 handle in the last hour, albeit quickly retreated few pips thereafter. The pair regained positive traction on Tuesday and built on the overnight bounce from sub-1.3200 level, touched in reaction to the House of Commons John Bercow’s ruling to block the government’s motion for yet another vote on the UK PM Theresa May’s Brexit deal. The uptick got an additional boost from today’s surprisingly stronger UK average earnings data, advancing 3.4% m/m, and drop in the unemployment rate, falling to 3.9% in January, which largely offset an unexpected jump in the number of people claiming unemployment-related benefits. Meanwhile, the latest leg of a sudden pickup in the last hour or so could further be attributed to a Bloomberg report, saying that the EU leaders were planning to make a “contingent offer” on Brexit extension and allow May to try to get the deal through parliament next week. However, the fact that the UK government will have to come back with substantial changes in order to get the deal passed through the Parliament, especially after the overnight dismissal of the third meaningful vote, kept a lid on any strong follow-through up-move, at least for the time being. On the other hand, the US Dollar bulls remained on the defensive amid growing expectations that the Fed might opt for a more accommodative policy stance this week but did little to influence the price-action, albeit remained supportive of the prevalent bid tone. In absence of any major market moving economic releases from the US, the incoming Brexit-related news/developments might continue to drive sentiment surrounding the British Pound and turn out to be an exclusive driver of the pair’s momentum through Tuesday’s trading session. Technical levels to watch GBP/USD Overview: Today Last Price: 1.3294 Today Daily change: 36 pips Today Daily change %: 0.27% Today Daily Open: 1.3258 Trends: Daily SMA20: 1.3166 Daily SMA50: 1.3034 Daily SMA100: 1.2903 Daily SMA200: 1.2982 Levels: Previous Daily High: 1.3301 Previous Daily Low: 1.3184 Previous Weekly High: 1.3384 Previous Weekly Low: 1.296 Previous Monthly High: 1.3351 Previous Monthly Low: 1.2773 Daily Fibonacci 38.2%: 1.3229 Daily Fibonacci 61.8%: 1.3256 Daily Pivot Point S1: 1.3194 Daily Pivot Point S2: 1.313 Daily Pivot Point S3: 1.3077 Daily Pivot Point R1: 1.3311 Daily Pivot Point R2: 1.3365 Daily Pivot Point R3: 1.3428 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 Gold advances to daily highs near $1310 as DXY slumps to 96.30 area FX Street 4 years "¢ Upbeat UK earnings data/fall in unemployment rate provided a minor lift earlier. "¢ Incoming Brexit headlines further boost sentiment surrounding the British Pound. The GBP/USD pair remained well bid through the mid-European session and spiked beyond the 1.3300 handle in the last hour, albeit quickly retreated few pips thereafter. The pair regained positive traction on Tuesday and built on the overnight bounce from sub-1.3200 level, touched in reaction to the House of Commons John Bercow's ruling to block the government's motion for yet another vote on the UK PM Theresa May's Brexit deal. The uptick… 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.