Technical Analysis

EU Barnier: We’re prepared to provide UK additional ensures that backstop is non permanent

Yet one more Brexit headline for the highway

The EU’s Brexit negotiator Barnier tells Germany’s Die Welt:

We’re prepared to provide Britain additional ensures that Irish backstop is just temporaryOne risk is a dedication to restrict the backstop by means of an settlement on future relationship between Britain and EUI do not assume there might be a basic objection to extending Brexit date, however there have to be a transparent objective for an extension (nothing new with this headline)within the occasion of an extension, the EU27 would wish to know “What for?”. The reply can’t be that Britain needs to defer an issue.If Britain submits a request for an extension, the EU council should attain an unanimous choice on March 21

We’re into March with a March 29 finish date.  We are going to see what will get stated over the weekend.  

The GBPUSD is bouncing a bit of off the lows for the day at 1.3170 (buying and selling at 1.3190). The 100 week MA is up at 1.3196.  You’ll assume the GBPUSD would possibly run increased on an answer/compromise however liquidity is gentle. However, the worth is climbing off the lows into the shut. 
GBPUSD climbing a lttle off the lows on the Barnier headlines


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