The fewer Brexit headlines confine Pound moves ahead of monthly employment data. The near-term trend-line resistance and 200-day SMA should grab market attention during additional moves.
The British Pound (GBP) trades little changed near 1.3100 versus the US Dollar (USD) during early Tuesday. The GBP/USD pair is on sidelines as Easter holidays at the UK parliaments confine Brexit developments after the nation received deadline extension till October 31. Though, headline employment details can serve as the main catalyst for today’s Cable moves.
There have been fewer Brexit headlines after the EU summit that allowed the UK to remain in the region till October 31 with a clause to leave early if manage to sign a divorce agreement. The reasons being, deadlock at the cross-party Brexit