British PM May sought another request for an extension to the Brexit deadline on Friday. The UK now seeks the date of June 30th to give it more time to get the deal through parliament. Currently, the UK is expected to leave the EU on the 12th of April. An emergency EU summit is to be held on 10th of April as any extension needs the approval of all 27 EU leaders.
Can GBPUSD Rebound from the Support?
The currency pair lost 0.29% on Friday after price touched down to the support area of 1.2992 – 1.2971 before pulling back. Currently, cable is seen attempting to rebound higher. Price action remains trading sideways within the support area and the resistance level of 1.3312. We expect this range to hold with some upside for the British pound.
