Will the situation change for the British pound?

Will the situation change for the British pound?

The reports that the UK and the EU reached a deal pushed the GBP up immediately. However, the optimism turned out to be short-lived, as Northern Ireland's DUP party did not approve the agreement. In addition, the leader of the Labour party Jeremy Corbyn said that the current deal was worse than the deal by Theresa May. The Parliament is expected to make a significant vote on a new Brexit deal on Saturday. If the deal is rejected, the chances of a no-deal Brexit or a further delay of the key Brexit deadline (October 31) will increase. It will pull the GBP lower. The GBP/USD pair has tested the highs above the 1.2970 level on the news but has fallen towards the support at 1.2745 after negative comments by the DUP members. The next support level will be placed at 1.2686. If Mr. Johnson manages to reassure the market with some positive updates, the pair will retest the 1.2876 level. After that, the next resistance levels will be placed at 1.2920-1.2943.



Monday started with volatility
Monday started with volatility

Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera