GBPUSD appreciated following the positive comments from the Italian government

Wednesday, 10/10/2018 | 11:34 GMT

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GBPUSD appreciated following the positive comments from the Italian government on the GDP budget for 2019. In addition, PM Theresa May perceives that an agreement should be reached by mid-October and then passed by the British parliament in December, finalising prior to the end of March. In contrast, last week's European Commissioner Junker claimed that the chance for an agreement not moving forward increased and that a deal could be agreed by November. Major support is found at the 1.3000 (Psychological level) and resistance at the 1.3317 (38.2% Fibonacci).

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Source: https://www.exclusivecapital.com/gbpusd-october-10-2018-weekly-analysis/

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