The pound saw a choppy, headline-driven session on Thursday. The cable swung between 1.2820 and 1.2980 depending on the headlines that flowed through. Terence Wu, FX Strategist at OCBC Bank, braces for more action this Friday, with the EU side expected to announce whether there is sufficient common ground for them to enter the final phase of negotiations. Key quotes “Two takeaways – first, the optimism at the start of the week surrounding the negotiations are likely misplaced; second, expect the volatility to continue, with the cable being the barometer for the Brexit sentiment.” “Expect the GBP/USD pair to be mainly headline-driven as markets await the official outcome of the Brexit talks today. Without a commitment to progress to the next stage of talks, the first support at 1.2800 may come into play.” “If 1.2800 is breached, the next support will be at 1.2700. Expect 1.3000 to cap.” 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 US Dollar Index drops to 93.70, focus remains on NFP, risk trends FX Street 2 years The pound saw a choppy, headline-driven session on Thursday. The cable swung between 1.2820 and 1.2980 depending on the headlines that flowed through. Terence Wu, FX Strategist at OCBC Bank, braces for more action this Friday, with the EU side expected to announce whether there is sufficient common ground for them to enter the final phase of negotiations. Key quotes “Two takeaways – first, the optimism at the start of the week surrounding the negotiations are likely misplaced; second, expect the volatility to continue, with the cable being the barometer for the Brexit sentiment.” “Expect the GBP/USD pair to be… 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.
