Currency Albion on forex trading on Tuesday fell to a week low, on fears of investors that the UK and the EU did not reach an agreement on Brekzitu. EU leaders endorsed a draft agreement last week, the key issue remains whether the prime minister Theresa May will be able to convince the British Parliament members to vote for the agreement. However, many party members Mae curled that does not support the current version of the agreement, because it is not in the interests of the UK. Barclays Bank has previously warned that if no agreement Parliament will significantly increase the likelihood that Britain will leave the EU without agreement, with the result that the pound could fall by 5-10% against the dollar.
Forex forecast pair GBPUSD technical analysis: Currency pair pound dollar fell to the support level 1.2730. If the British currency traders will be able to overcome this obstacle, the sterling may continue to decline to around 1.2690. If buyers of sterling could stop the bear head, and GBPUSD to consolidate above the level of 1.2800 the pair may rise to 1.2870.
Based on materials WELTRADE