Pound enjoying some good demand today in the past hour 19 March
We've been reporting the announcement of the EU-UK Brexit press conference at 11.45 GMT and further to my post the belief is now growing that some sort of agreement on transition terms will be announced.
GBPUSD made it third time lucky to burst up through 1.4000 triggering stops along the way to post 1.4017 in a hurry with EURGBP down to 0.8767
GBPJPY once again a prime mover as I warned earlier and now up to 148.70 with USDJPY also clearing a few hurdles of its own to post 106.10
I did sell that GBPUSD rally to recreate some shorts having taken profit on Friday's dip but now taken a hit on some albeit poised to resell.
Also as per my post the devil is always in the detail so we won't get too carried away just yet but hey the market will never let the truth get in the way of a good story until, er, the truth is revealed. That could indeed see further GBP strength today or be a case of buy rumour/sell fact or indeed lack of fact.
Let's see what transpires but in the meantime we should trade 1.4000-50 and 0.8755-85
GBPUSD
GBPJPY
