Press conference comments from PM May
- we been negotiating hard and we want to move forward together
- need more consultation on some issues
- confident we will have positive conclusion
The GBPUSD is trading currently at 1.3474.
The pair fell to the session lows after the BBC reported that no deal would be done today. That falls quickly retraced. The pair trades around the midpoint of the days range at about 1.3474. The 100 hour moving average comes in at 1.34459. A move below that is more negative from a technical perspective. The 1.3532 was the post-Brexit high from back in 2016. The high today reached 1.35379 before failing and heading back lower. A move above that level would be more bullish - at least from a technical perspective.
