Clock is ticking
The UK Brexit Minister Raab (although he may have been demoted with PM May's announcement that she would take over negotiations), is on the wires saying:
- It wils be a challenge to have full framework on future partnership with EU set out by March 2019
- Expect political declaration on Brexit withdrawal to be substantive document
The GBPUSD moved above the 200 hour MA earlier on the PM May's headline (at 1.3133) but the 50% retracement stalled the rise (it did yesterday too). So the pair is more bullish but still battling with the 50% line.
Earlier the price was ping ponging between the 100 and 200 hour MAs. Now it is ping ponging between the 200 hour MA at 1.3133 and 50% at 1.31583.
