GBPUSD continues trading upwards after the British Labor party softened its stance on the Brexit.
The British Pound is keeping its positive momentum against the USD on Thursday morning. The current quote for the instrument is 1.3071, the highest since November 8th 2018.
These positive movements are caused by the thing least expected: support from the British policymakers. Some members of the Labor party said that they might as well support the Brexit in order to avoid the “chaotic” way of leaving the European Union without any agreement.
However, there was nothing more to that: there is no any revised agreements with the EU and no one can be really sure that the Union would want to revise it in the first place. Still, it’s very important for the British Prime Minister Theresa May to have her plan approved by the country’s Parliament and leave everything else to the Brexit negotiators. The fact that the Labor party softened its stance and were ready to discuss the strategy without a lot of possible complaints is really positive.
Reminder: the new vote in the British Parliament is scheduled for January 29th. Earlier this week, everyone believed that this vote would be as problematic as the first one that took place a week ago, but now there is a glimpse of hope for a better outcome.
Orgin: RoboForex
