GBPUSD (1.2616): The GBPUSD currency managed to lift off the intraday lows and closed higher, just below the recently breached support level of 1.2683. The reversal in the sterling came after the UK’s no-confidence vote saw PM May winning the vote. However, with Brexit still significant uncertainty, the GBPUSD could potentially remain subdued below the price level. We expect a possible retest of 1.2683 for the price level to be tested as resistance.
