“¢ Market participants remain confident that UK lawmakers will not support no-deal Brexit vote. “¢ Mixed US economic releases failed to extend any support to the USD and remained supportive. The GBP/USD pair held on to its positive tone through the early North-American session and is currently placed few pips below session tops touched in the last hour. With investors looking past the overnight rejection of the UK PM Theresa May’s amended Brexit deal, the pair regained positive traction on Wednesday and picked up the pace since the early European trading session. Market expectations that the UK Parliament will not support Wednesday’s no-deal Brexit vote turned out to be one of the key factors extending some support to the British Pound. Meanwhile, the US Dollar bulls failed to capitalize on a goodish rebound in the US Treasury bond yields and remained on the defensive following the release of mixed US macro data, which eventually provided an additional boost and remained supportive of the intraday positive move. Data released on Wednesday showed that durable goods orders unexpectedly rose 0.4% m/m growth in January but was largely offset by the disappointing core durable goods orders, showing a 0.1% decline during the reported month. Adding to this, the producer price index (PPI) also fell short of market expectations and also did little to impress market participants. It would now be interesting to see if the pair is able to build on the positive momentum or once again run into some aggressive supply at higher levels as the focus remains on today’s UK parliament vote on leaving the European Union without any deal, which if fails will be followed the last vote for an extension of Article 50 on Thursday. Technical levels to watch GBP/USD Overview: Today Last Price: 1.3163 Today Daily change: 88 pips Today Daily change %: 0.67% 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 USD/CAD: Market remains on the defensive – Commerzbank FX Street 4 years "¢ Market participants remain confident that UK lawmakers will not support no-deal Brexit vote. "¢ Mixed US economic releases failed to extend any support to the USD and remained supportive. The GBP/USD pair held on to its positive tone through the early North-American session and is currently placed few pips below session tops touched in the last hour. With investors looking past the overnight rejection of the UK PM Theresa May's amended Brexit deal, the pair regained positive traction on Wednesday and picked up the pace since the early European trading session. Market expectations… 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.