On Thursday morning, GBPUSD is trading a little bit upwards, but yesterday’s level are quite far away.
The British Pound is rising a bit against the USD on Thursday. The current quote for the instrument is 1.2910.
The Pound was quite active during yesterday’s trading session, which was very unusual for the British currency. Six consecutive trading sessions of sales were followed by some active purchases as the pair rebounded upwards by almost two hundred pips. The reason is the British Prime Minister Theresa May’s comments. She said that shoe wouldn’t let the second popular referendum on the Brexit happen. Apart from this, she mentioned that there might be a real chance for the United Kingdom and the European Union to agree on trade relations after the Brexit.
This news calmed investors down. The Brexit issue worries investors the most, that’s why their response to any information about it is usually very sharp.
In the evening, it became know that Germany was ready to drop some of the conditions, which were discussed during trade negotiations. German representatives said they were okay with giving up on some issues and nuances if this allowed the parties to continue the process. It’s a very good sign for the UK, because Germany’s stance on the negotiations may really influence other participants of the EU. Nevertheless, the German government spokesman later said that the country’s stance on the Brexit hadn’t changed and one shouldn’t misinterpret the news and make a big deal of it.
During the negotiations, the United Kingdom is by the British Prime Minister Theresa May and the European Union – by a French politician Michel Barnier.