Cable remained relatively stable ahead of the Brexit negotiations. If there is a no deal about Brexit, then we can see that there can be including the recognition of some EU rules and include a comparison of the present and the future status of trade – Plans by UK government’s! If there’s any negative headlines happens about Brexit, we could see the pound weakening.
GBP/USD continued its sideways movement between the 1.2770 resistance line and the 1.2685 support line. This pair can show some sensitive to some of the Brexit headlines or a further weakening of the USD. We could see it breaking the 1.2685 support line and aim for the 1.2590 support barrier. On the other side, we could see it breaking the 1.2770 resistance line and aim for the 1.2825 resistance hurdle.