GBP/USD Forecast November 26 - 30 – Brexit Deal Crunch Time

GBP/USD was relatively stable as Theresa May stabilized her government. Nevertheless, the EU Summit and political support remain uncertain. The upcoming week also features a few additional releases of interest. Here are the key events and an updated technical analysis for GBP/USD.

The rebellion against Theresa May faltered as fewer than 48 MP’s sent letters calling for a leadership challenge. On the other hand, it remains unclear if she will have enough support for the Brexit deal in parliament after the EU Summit. And even the EU Summit may not prove to be a rubber-stamp event. Spain raised objections regarding the status of Gibraltar and the UK may still try to negotiate some parts of the withdrawal deal or the accompanying political declaration. BOE Governor Mark Carney and his colleagues testified and conveyed a message that they expect a smooth Brexit transition in their forecasts.


GBP/USD daily graph with resistance and support lines on it. Click to enlarge:

1 2 3
View single page >> |

Disclaimer: Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.