Breaking News: GBP/USD breaks trend line resistance, en route to R1 1.3141 on Brexit niose

GBP/USD has rallied to the highest levels since 26th October at the time of writing and is embarking on a test of R1 at 1.3141 on positive Brexit headlines as follows:

EU, UK look to agree outline of future trade relationship by November – Dow Jones citing diplomats
EU, UK. Narrow gaps on ireland border but some differences remain
EU, UK close to resolving all other exit terms issues
If exit deal reached, EU expected to sketch out views on future relationship next week
EU, UK make progress in Brexit talks, divorce terms could be settled by Monday - diplomats

Oct 9, 2018

EU Diplomats: UK making progress in Brexit talks, divorce terms could be settled by Monday

Citing European diplomats familiar with talks, Dow Jones Newswire reported that the U.K was making progress in Brexit talks and the terms of the divor

USD/TRY should see a deeper pullback while below 6.2248 – Commerzbank

In opinion of Axel Rudolph, Senior Analyst at Commerzbank, the pair is expected to keep the bearish stance as long as it trades below 6.2248. Key Quo