British Pound is little changed from its Tuesday opening prices today near mid-1.2800 ahead of London session. Traders are eying at what comes further after PM May’s defeat in UK parliament on Brexit withdrawal while opposition leader Jeremy Corbyn has called for a no-confidence vote against PM May.
The Cable slumped to 1.2670 in the run-up to voting in parliament and surged back to 1.2890 right after the bill confirmed defeat. Further fresh impetus will be provided by UK CPI for December and BOE’s Carney speech.
Levels to Watch
Resistance levels: 1.2900 1.2930 1.2960
Support levels: 1.2830 1.2805 1.2765