GBPUSD Outlook, February 27

Following Tuesday’s 1.1% rally, the GBPUSD pair consolidates under new high at 1.3288 in the early European trading.

The GBP is remaining peppy as buyers are seen decreasing dips as dangers of a no-deal scenario are seen retreating this week. With UK PM May offering lawmakers an opportunity to forget about that should her important vote get rejected, chances are we’re not going to be set out toward a disorderly Brexit come 29 March.

For pair, the key level is the 1.33 handle. I figure we may need to clear the following obstacle of today’s Brexit motion debate and vote before the GBP can post further gains from here.

Also, the focus stays on the US macro news and day 2 of the FED Chair Powell’s testimony later today.

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.