Relaying some remarks from Scotia on GBP and the encouragingBrexit headlines on Thursday:

  • GBP up move following the headlines makes it "harder to ignore evidently bullish developments on the short-, medium- and longer-term charts for GBP/USD"
  • charts suggest cable made a major low after retesting under 1.20 at the beginning of the month
  • Brexit rhetoric from both sides has been more encouraging, but still exercising caution
  • the gap remains between Johnson and the EU remains, the Irish backstop main issue remains unresolved

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Gbp chart daily

Relaying some remarks from Scotia on GBP and the encouragingBrexit headlines on Thursday: