GBP/USD

the pound can get a double boost: The hardline Brexit, indicative of Jacob Rees-Mogg, he may be willing to support the agreement of Theresa May could increase demand for the currency. On the other side of the exchange rate, the Fed has recently turned dovish drastically - compounded by Stephen Moore, President Donald Trump's choice for an open Fed board chair, told the New York Times that the Fed must immediately cut fifty basis points of interest rates - after the inversion of the first real yield curve since 2007, it can reduce the popularity of the dollar.

Now that the British parliament has taken over Brexit, the conflict with Theresa May was eliminated, potentially bringing uncertainty to market stability, triggering a pound rally at least strong enough to reexamine the psychological level of 1.4000.

The UK final quarter gross domestic product (GDP) data for the fourth quarter of last year shows a number that matches estimates and is also the same as the initial GDP data.

During the fourth quarter UK GDP showed that the UK economy grew 0.2% quarterly, the same as seen in the first data, and according to consensus estimates.

While on an annual basis, the UK economy grew 1.4 percent in the fourth quarter, better than expectations of 1.3 percent and up from a previous reading of 1.3 percent.

Separately, UK total investment data fell 0.9 percent quarterly in the fourth quarter on an annual basis (year on year), down 2.5 percent for the same period. Both figures exceed consensus estimates.

At present the UK economy is facing a complicated problem, namely Brexit uncertainty. MPs will hold a vote later tonight, with control over the fate of Brexit currently in the hands of parliament.

For the third time, the Brexit scenario proposed by Prime Minister Theresa May was rejected by Parliament yesterday. This is potentially still a pressure for GBPUSD. At 3:30 a.m. WIB, the UK manufacturing index data will be released which could potentially add to the driving sentiment for GBPUSD today. Expectations at number 51.2 are lower than before 52.0.

The immediate resistance at 1.3055 has the potential to become a GBPUSD correction area after yesterday's weakness. But as long as the price is still moving below 1.3080, the downside potential will target the closest support at 1.2990.

Support: 1.2990 - 1.2950 - 1.2930
Resistance: 1.3055 - 1.3080 - 1.3155

EU DOES NOT GIVE THE TRANSITION BREXIT PERIOD IF THE UK DOES NOT AGREE TO AGREEMENT


The European Union reaffirmed the potential of Brexit without an agreement getting bigger after the British Parliament rejected the Prime Minister's draft Brexit agreement for the third time in last night's vote.

Head of the European Union (EU) Brexit Negotiator Michel Barnier said that Brexit without an agreement would be the responsibility of Britain.

The EU stressed that there would be no renegotiation of the Brexit agreement during the Brexit extension until April 12, or any negotiations about future relations. Britain will also not get a transition period after Brexit unless it approves the Brexit agreement.

If there is no agreement, the EU will still demand that the UK respect its obligations on citizens' rights, financial services, and the Irish border.

On Monday night the British Parliament or the House of Commons rejected all alternative options the Brexit agreement offered by the prime minister.

Four rejected options included calls on the government to negotiate a permanent customs union, Britain joined the European Free Trade Association and the European Economic Region (Common Market 2.0).

Brexit Minister Steve Barclay indicated the May PM government could hold a Brexit vote for the fourth time. PM May has also implied this idea before, saying that, "we need an alternative route to move forward."

While in Brussels, the EU has called for an emergency meeting on April 10. If Brexit ends without an agreement two days later, then the EU's biggest trade relations in the European continent are cut off.

Jonathan White of KPMG also warned that the UK construction sector would be sluggish as long as the issue of brexit uncertainty was not resolved. He said, "Plans for investment in the construction sector continue to experience delays, especially in commercial projects, and until brexit uncertainty is resolved, we do not expect orders to increase. The story will be the same for months to come, while we wait for clarity that helps make business decisions

DISCUSSION OF BREXIT PM MAY AND CORBYN IS NOT LIMITED ON DEADLINE TIME


The British government's talks with Labor opposition parties, which focus on making the Brexit agreement that can be submitted to the European Union, have no deadline, Prime Minister Theresa May's spokesman said on Friday.


"The prime minister stated that he wanted this conversation to take place with a sense of urgency, I think you have seen so far but I don't think the PM has set a deadline for when the talks should end. What we clearly focus on is getting positive results," said the Prime Minister's spokesman that.

The process of finding a proposal for a compromise with the Labor Party was underway but talks on Friday would be made between individual members of the negotiating team, rather than the full meeting that had taken place in the previous days, he said.

After three times the agreement with the European Union was rejected by parliament, finally on Wednesday, Theresa May finally decided to offer talks with opposition leader Jeremy Corbyn to ensure regular and negotiated departures from the European Union. The Labor Party, the opposition so far has been hard against the contents of the agreement.

Corbyn's position is that permanent customs union with the EU is a prerequisite for Brexit, which represents the best guarantee that trade with the EU will continue without friction. May and his party, the conservative party rejected Corbyn's stand and considered this permanent customs negating the independence of British trade policy, the main reason Britain wanted to leave the European Union.

WORSE PARTIES AND CONSERVATIVES CONTINUE BREXIT TALKING TODAY


Brexit talks between teams led by Prime Minister Theresa May as leader of the Conservative Party and Labor opposition leader Jeremy Corbyn are scheduled to continue on Monday despite a Labor statement last Friday that the Conservative government has not offered to compromise on one of its main problems .]

With waning optimism, the focus turned to the European Council's emergency Brexit summit on Wednesday. European Union leaders indicated that it would not give a longer extension of Brexit time as requested by PM May unless accompanied by detailed plans, but a longer extension could eventually push the Conservative Brexiteers to overstep.

With the remaining time to extend until April 12, England will likely leave without agreement on Friday, although only a few in the British media expect such results