GBPUSD extends gains as Johnson favors a deal Brexit

The GBPUSD pair keeps up positive tone from yesterday’s optimistic UK earnings figures and US dollar weakness and extends gains in early European trading on Wednesday.

Cable is trading close to 1.2750. Momentum stays positive but muted while the RSI is stable.

Brexit saga stays GBP’s key driver, with spotlight on endeavors of opposition Labor party to assume control of the parliamentary plan on June 25 and attempt to avoid no-deal Brexit, as Boris Johnson, the leading candidate, favors exit on Oct 31st deadline.

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.