The Sterling extends its gains above five-week highs after the global markets cheer the European policymakers’ agreement over 750 billion Euros of the aid package. The buyers will attempt to break above 1.27 today if risk-on sentiment remains the main market driver. On the other hand, the sixth round of the EU-UK Brexit talks will resume today, any further disappointments will likely weigh on the Cable and limit the upside.
Support: 1.2650 / 1.26
Resistance: 1.27 / 1.2750
