GBP/USD: Bullish trend @ 1.31 Jan-25

The Pound gains against USD today after the news out about Ireland’s Democratic Unionist Party is agreed to back PM Theresa May's Plan B Brexit following week. The Brexit is scheduled for debate and vote in British Parliament on Jan 29th.

If she able to win the vote that will back GBP further - beyond 1.32.

According to Michael McCarthy of CMC Markets, a technical breakout to 1.38 is also a possibility,

GBP/USD pair today trading around 1.3140, its best levels since November 2018.

GBP/USD price chart on 25th January 2019
GBP/USD Friday, January 25 2019

No comments:

Post a Comment