GBP Price, News and Brexit Latest
- Indicative votes back on Parliament’s agenda.
- US Labour report rounds off the week.
Brexit Latest and US Labour Report (NFPs)
MPs will be voting on a selection of indicative bills early evening in a fresh attempt to get a Brexit consensus position after the previous vote saw all bills fail. The British Pound has found some support from talk that if a soft Brexit option is successful, then PM May will try and bring her meaningful vote back to the House for a fourth time to try and force it through with the backing of Conservative Brexiteers and the DUP.
Sterling has moved higher during the session against a range of currencies but further upside against the US dollar is currently blocked by the old support trend line which is now acting as resistance. A break above is possible if a softer Brexit is mooted, or if PM May’s bill passes, while traders should also be aware of several important US data releases during the week, culminating in the monthly NFP report on Friday.