GBP/USD was rocking and rolling on endless Brexit headlines. What’s next? The GDP report stands out in the new week. Here are the key events and an updated technical analysis for GBP/USD.
UK PM Theresa May gave a successful speech at the Tory Conference and shrugged off the potential challenge from Boris Johnson. While she insisted that the UK is ready to leave the EU without a deal, reports about potential UK concessions on the Irish border circulated and supported the pound. Upbeat US data, rising US yields, and a optimistic words from Fed Chair Powell supported the greenback.
Updates:
GBP/USD daily graph with resistance and support lines on it. Click to enlarge:
