The GBP/USD lifted higher towards 1.2600 on the back of Brexit optimism, before easing when no concrete deal proved to be forthcoming. With there being no outcome on the Brexit talks, analysts at OCBC Bank do not rule out some softness for the cable for now. Key quotes “The market bet on a Brexit compromise deal, lifting the cable higher towards 1.2600. Nevertheless, no deal was forthcoming, and the GBP/USD pair subsequently retraced lower.” “Short-term implied valuations remain pointed south. For now, any upward extension will have to breach 1.2600, before targeting the 200-day MA (1.2696).” 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 Cryptocurrency News Update: XRP and ADA on fire, BTC lags behind FX Street 3 years The GBP/USD lifted higher towards 1.2600 on the back of Brexit optimism, before easing when no concrete deal proved to be forthcoming. With there being no outcome on the Brexit talks, analysts at OCBC Bank do not rule out some softness for the cable for now. Key quotes “The market bet on a Brexit compromise deal, lifting the cable higher towards 1.2600. Nevertheless, no deal was forthcoming, and the GBP/USD pair subsequently retraced lower.” “Short-term implied valuations remain pointed south. For now, any upward extension will have to breach 1.2600, before targeting the 200-day MA (1.2696).” 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.
