Technical Talk:GBP/USD 21-03-2019

Brexit: Dutch PM Rutte says EU will grant extension if MPs do their bit, GBP/USD remains at low ground
Our preference: short positions below 1.3150 with targets at 1.3100 & 1.3070 in extension.Alternative scenario: above 1.3150 look for further upside with 1.3250 & 1.3300 as targets

Comment:
Mark Rutte, the PM of the Netherlands, said that the EU is ready to grant the Brexit short extension that
PM May seeks if British Members of Parliament do their bit.
He says that the problems are not due to May but others playing party politics.

Asked about what happens if Parliament rejects the deal for the third time,
he only says that the EU will need to assess the situation.

EU leaders are meeting for a summit in Brussels to discuss Brexit and other topics.
A decision may have to wait until the very last minute.

GBP/USD trades around 1.3130, slightly off the daily lows at 1.3105.

 

 

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