GBP/USD BREAKS ABOVE @1.30 TO REACH A TWO MONTH HIGH DUE TO BREXIT HOPES……
As of 23rd January at 14:47pm GBP/USD is trading around a two month high of @1.3045, this in the most part is due rumours the motion to prevent a no-deal Brexit is gathering momentum. Second to this the EU’s Michael Barnier today commented that the EU are immediately ready to discuss a more lucrative trade deal. Since the recent lows of @1.2380 on January 4th Sterling has gained over 5% in value to its current position. Of course, uncertainty is still high, however markets seem to show investors are expecting a delay to Brexit.