May’s new approach (a cross-party compromise) is proceeding to fuel further gains in the Sterling with the GBPUSD pair presently increasing to a high of 1.3185 on the day.  Resistance is at 1.3210 and 1.3260. Support is at 1.3110.

Meanwhile, centrist MPs keep pushing a bill that would constrain the government to look for a long extension and preclude a no-deal Brexit. The present default alternative is that the UK leaves the EU on April twelfth.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.