Theresa May's trade deal plan got rejected once again, further bringing chaos to the Brexit negotiations. The only thing on which every concerned side can agree is the fear of a no-deal Brexit.
The PM is at a low point, as there seems to be even more distance between the European Council on the one hand and her own party members on the other. This week Mrs May is going to meet up with the President of the European Commission Jean-Claude Juncker for yet another round of trade negotiations while struggling to find support at home, as well as abroad.
This is definitely going to bring volatility to the currency market, with a particular interest being the GBPUSD pair. During the Friday session of last week, the cable found support at the crucial level of 1.28000 and looks set to extend its gains at the start of next week's trading session.
You can find additional information and a more comprehensive study of the market forces currently at play in our Weekly Market Analyses.
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