GBP/USD

GBP/USD

The Cable struggled to hold above 1.33 as the lack of Brexit progress in fishing rights and state aid rules, held the bulls from placing aggressive bets. Apart from this, reports that EU leaders will demand the European Commission to publish no-deal plans, triggered some haven flows towards the greenback. However, the downside is likely to remain limited, at least for the time being, in the absence of official confirmation. The pair will probably find some fresh bid today in an attempt to retest 1.33. Support: 1.3225 / 1.3170 Resistance: 1.33 / 1.3330