Brexit: Labours Corbyn speaks on negotiations with PM May

He adds:

  • so far we have not had the undertakings we want on our demands
  • there are many concerns we have with the political declaration which we will put to government in talks tomorrow
  • we do not want to see Britain crash out of the EU with no deal

The GBPUSD is up on the day and trades near the highs. It is also testing the 38.2% of the move down from the April 3rd low at 1.30661. There was a move above that 38.2% retracement level earlier but it failed. We just tried again but is having some apprehension from traders. Sellers are trying to put a lid on the pair it seems.

GBPUSD is having trouble above the 38.2% retracement level.