GBP/USD has risen by more than 90 pips
The remarks by Nigel Farage during the Brexit party's election event have sent the British pound higher…
The British pound continues to go down as political risks intensify.
A lot of political uncertainties are driving the British pound down. The main of them is, of course, connected with the question: "How long Theresa May will stay a prime minister?"
Her proposal to publish a new withdrawal agreement bill (WAB) this Friday was not welcomed by her colleagues. The new agreement suggests the possibility of the second referendum and the customs union.
Reportedly, Theresa May will face another non-confidence vote tomorrow, if she does not announce the date of her departure.
What may be a game changer today?
- Theresa May will meet with the ministers today;
- The Cabinet will try to find a solution on delivering Brexit no matter what.
Technical levels for GBP/USD
The pair is testing the significant support level at 1.2603. If today's talks do not result in any breakthrough, the pair will fall further to the last December's lows. The next support will be placed at 1.2493. If the pair is supported today, it will rise to the resistance at 1.26882.
RSI is moving within the oversold zone and Stochastic formed a crossover within this zone, which may signal a possible buying opportunity.
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Extreme volatility of the NZD/JPY
Today started with extreme volatility for the New Zealand dollar against the Japanese yen
Latest news
GBP/USD has risen by more than 90 pips
The remarks by Nigel Farage during the Brexit party's election event have sent the British pound higher…
Rate decision by the RBNZ: the downside risks for the kiwi
The Reserve bank of New Zealand will release the monetary policy statement and its interest rate at 3:00 MT on November 13.
Market updates on November 11
A calm trading session with the US-China trade updates in focus
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