On Friday, the GBP/USD managed to break the ascending pattern that guided it in two ways just in a couple of hours. Namely, after declining just below the 1.3000 level, the rate began a surge, which reached 1.3170.
The rate is once more being pushed around by Brexit announcements. Namely, the UK’s ruling parties were negotiating on a deal among themselves on how to arrange Brexit.
Although, the rate was declining on Monday, as the deal was destroyed by information leaks.
In general, the rate should decline down to the support of the weekly PP at 1.3089, which is expected to be strengthened by the 55 and 100-hour simple moving averages.
