Sterling gains optimism
The British Pound (GBP) is rising this week mainly due to investor optimism that the UK and the EU will reach a post-Brexit trade deal.
EURGBP undecided during trade talks
The EURGBP currency pair has been trading in a declining channel (blue trend lines) for more than a month. It is developing a corrective pattern within a longer-term uptrend. The lower boundary of the channel converges with the support area of 0.8950 - 0.8870 (A).