Merkel to help May - via Bloomberg

Ok, I have overdone the alliteration. Apologies. However, good to see that German Chancellor Angel Merkel pledged to work to the 'last day'

Some of the key issues remain:

  • Will article 50 be extended? (Probably)
  • Will the N/Irish border problem be solved? (possibly)
  • Will some cross party agreement be reached (maybe, but not now)
  • Will May's plan B be accepted. (unlikely)

GBPUSD on the 1 hour chart is now 1.28524 testing the 200EMA and 1 hour pivot point. This is now near term risk for shorts.