GBP/USD

Sterling traded relatively flat after European Union leaders extended the deadline for Britain to leave the European Union, showing concern about where Brexit is heading, Reuters reported in London on Thursday.

GBPUSD traded at 1.3084, down 1 pip from Wednesday's close

The leaders of the European trade bloc agreed to postpone Britain's exit from the block until October 2019. They gave six months to allow the British government and parliament to decide whether to come out with or without an agreement (deal or no deal), or even completely canceled.

As reported by AFP on Thursday (11/4), the decision was taken at an EU meeting in Brussels, Belgium. In the meeting that was held until midnight.
European Assembly President Donald Tusk decided to extend until October 31.

Sterling showed no reaction after the European Union postponed the Brexit deadline for the second time in less than a month in line with market expectations that there will be no Brexit No Deal at the first delay on Friday.

The flat movement of GBPUSD due to the EU's decision did not help much to improve clarity about how and when Britain will leave the European Union, keeping the pound under control.

GBP/USD tumbles to session lows near 1.3050

Cable moves humiliate and approach the 200-day SMA.
UK Construction PMI dropped to 50.6 in January.
Brexit negotiations period-fortunate to resume this week.

The offered bias concerning the British Pound remains accurately and sealed at the dawn of the week and is now dragging GBP/USD to light daily lows in the mid-1.3000s.

GBP/USD weaker challenges 200-hours of daylight SMA

The selling feels in Cable has intensified today after UK Construction PMI dropped to 50.6 for the month of January, greater than initially forecasted and all along from Decembers 52.8.

The pair is retreating for the third day in a quarrel today, although the vital 200-day SMA in the 1.3050 places appears to be holding nimbly the downside pressure for the become very old mammal.

With less than 60 days for the Brexit deadline (March 29), both EU and UK officials continue to mitigation blaming fingers to each auxiliary even if not even a trace of an appointment appears not far off from the horizon. The UK Parliament will have the adjacent-door key vote behind quotation to speaking the subject of February 14, where a potential malleability to Article 50 could be upon the cards (as competently as a hard Brexit scenario).

GBP/USD levels to insist

As of writing, the pair is losing 0.09% at 1.3062 facing the neighboring preserve at 1.3043 (200-hours of hours of daylight SMA) seconded by 1.2955 (21-day SMA) and finally 1.3001 (high Jan.17). On the supplement hand, a crack above 1.3217 (2019 high Jan.25) would sensitivity the door to 1.3257 (monthly high Oct.12 2018 and moreover 1.3298 (monthly high Sep.20 2018.

GBPUSD DEPRESSED TO 1.3180 USAI PARLIAMENT TAKES DECISION BREXIT

The British Pound (GBP) was pressured in the European session despite having strengthened in the Asian session on Tuesday. The pound briefly rose around 1.3200 against the US dollar ahead of the London session today but turned depressed as Brexit fears returned to swelling.

The public and markets doubt the ability of British MPs to provide clarity about Brexit. The pound stuck to a narrow range with British lawmakers scheduled to vote for various Brexit options on Wednesday morning.

UK 10-year Gilt yields fell below 1.0% for the first time since 2017 because lawmakers continue to plan against PM Theresa May. British lawmakers recently supported a motion that gave parliament a superior position than the government on the Brexit issue.

The Brexit takeover was triggered by an amendment proposed by Oliver Letwin, a member of Parliament from the Conservative Party - the party that supports May. His proposal received 329 votes from members of Parliament, more than the votes which refused, which amounted to 302. Thus, the prime minister May was obliged to follow the wishes and decisions of the parliament.

Furthermore in the US, investors looked forward to US home sales index data, housing starts and the consumer confidence index amid a lack of economic data from the UK while also observing developments around Brexit.

At writing, GBPUSD is trading at 1.3180, minus 9 pips from yesterday's closing level.

This is very prone to Gbp / Usd. Unreasonable increases and decreases, it is very dangerous if you want to trade scalping speculation.