GBP/USD bolstered from 1.2700, but fresh Brexit anxiety looms ahead
Wednesday, 2 January 2019 12:49 WIB | CURRENCIES |DolarpoundGBP/USD

GBP/USD is building a near-term base close to 1.2730 after the pairing managed to stage a halting recovery from this week's lows near 1.2600, but the upside continues to look limited as January comes in with plenty of Brexit action to keep Pound bulls off-balance.

Wednesday delivers the UK's latest Markit PMIs at 09:30 GMT (forecast 52.5, last 53.1), though the mid-tier economic indicator is set to be completely overshadowed by a fresh bout of Brexit-focused headlines; January sees Prime Minister Theresa May finally delivering her much-despised Brexit withdrawal agreement for a parliamentary vote after several weeks of strategic delay, and opposition party members are also slated to bring forward a parliamentary no-confidence vote in Mrs. May's government.

PM May's original strategy of 'bleeding the clock' by withholding her divorce bill until it was too late to form an alternative should the bill fail ist also looking completely declawed, with key MPs in Britain's parliament seeking to secure a Brexit delay in case of an (almost guaranteed) no-vote on May's deal, a move that will draw plenty of ire from hard-line Brexiteers within May's own Tory party, who are perfectly happy to see the UK collapse out of the European Union without any semblance of a trade deal in place.

GBP/USD Levels to watch

The Sterling's technical outlook against the US Dollar is looking deceptively bullish, with the pair trading into the upside of key technical indicators, but as noted by FXStreet's chief analyst Valeria Bednarik, Brexit concerns can be expected to shake out any bidders caught in a near-term bulltrap.

Support levels: 1.2710 1.2665 1.2630

Resistance levels: 1.2785 1.2820 1.2850

FXstreet

RELATED NEWS

GBP/USD Sticks to Modest Gains Above Mid-1.2500s, Moves Little Post-UK CPI
Wednesday, 19 June 2019 16:14 WIB

Pasangan GBP/USD mempertahankan nada yang agak positif sepanjang awal sesi Eropa pada hari Rabu dan mengalami reaksi yang agak diam terhadap data makro Inggris terbaru. Pasangan ini membangun rebound pada akhir sesi sebelumnya dari level psikologis utama 1,2500, atau terendah baru multi-bulanan, da...

Yen Edges Higher as Focus Shifts to Fed Decision
Wednesday, 19 June 2019 14:24 WIB

Yen menguat terhadap semua rekan Grup-of-10 karena optimisme tentang pembicaraan perdagangan AS-China memberi jalan untuk berhati-hati menjelang keputusan kebijakan Federal Reserve. USD / JPY turun 0,1% menjadi 108,35 untuk menuju penurunan hari ketiga. Indeks Bloomberg Dollar Spot sedikit berubah;...

Dollar Near 2-Week High Before Fed Decision as Dovish ECB Supports
Wednesday, 19 June 2019 09:12 WIB

Dolar bertahan di dekat level tertingginya dua minggu pada hari Rabu menjelang keputusan kebijakan Federal Reserve yang diawasi ketat di kemudian hari, didukung oleh Bank Sentral Eropa yang secara mengejutkan bernada dovish dan data ekonomi zona euro yang bearish. Indeks dolar versus sekelompok ena...

Euro Falls, Dollar Rises as Trump Puts Pressure on Fed to Cut Rates
Tuesday, 18 June 2019 23:11 WIB

Euro melemah terhadap dolar AS pada hari Selasa, karena Presiden AS Donald Trump terus memberikan tekanan pada Federal Reserve untuk menurunkan suku bunga dengan mengkritik Bank Sentral Eropa. EUR / USD tergelincir 0,3% menjadi 1,1185 pada 11:04 pagi waktu timur AS (15:04 GMT), sedangkan indeks dol...

No-deal Brexit chills send pound to a five-month low vs euro
Tuesday, 18 June 2019 15:45 WIB

Tanda-tanda bahwa arch-Brexiteer Boris Johnson mungkin selangkah lebih dekat untuk menjadi perdana menteri Inggris berikutnya mengirim pound jatuh ke level terendah lima bulan versus euro pada hari Selasa karena investor khawatir tentang risiko keluar dengan susah payah dari Uni Eropa. Pound meroso...

ANOTHER NEWS
U.S. Stocks Open Slightly Higher as Investors Await Fed Decision
Wednesday, 19 June 2019 20:43 WIB U.S. stocks saw a slightly higher start Wednesday ahead of the conclusion of a Federal Reserve meeting that's expected to leave interest rates unchanged but potentially signal that policy makers are moving toward an eventual rate cut. The S&P...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.