{"id":100910,"date":"2017-01-17T09:16:10","date_gmt":"2017-01-17T14:16:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=100910"},"modified":"2017-01-17T09:16:10","modified_gmt":"2017-01-17T14:16:10","slug":"sterling-skyrockets-as-theresa-delivers","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/01\/sterling-skyrockets-as-theresa-delivers\/","title":{"rendered":"Sterling skyrockets as Theresa delivers"},"content":{"rendered":"<div id=\"inves-2715991071\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 17, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>The Sterling staged a sharp rebound during trading on Tuesday following Prime Minister Theresa May\u2019s keynote Brexit speech which provided investors the clarity long sought on the Brexit developments. The speech meticulously outlined the 12 objectives to a Brexit with Theresa acknowledging that a transitional deal would be probable in a bid to avoid a Brexit cliff edge for business. Although Theresa also proposed to remove the UK from the EU\u2019s customs union in the pursuit of a clean Brexit, this will be replaced with a new customs agreement with the EU. A key talking point and comment that played a critical role in the Sterling\u2019s resurgence was how Theresa promised a parliamentary vote on Britain\u2019s deal to leave the EU. Overall, the speech provided investors some direction on how the UK government plans to tackle Brexit with the optimistic evaluation of the UK\u2019s exit negotiations rekindling investor attraction towards the Sterling.<\/p>\n<p>The swift change of events has turned the GBPUSD bullish on the daily charts with prices trading over 350 pips higher from Monday\u2019s three month low as of writing. A decisive breakout and daily close above 1.2350 could encourage a further incline higher towards the next relevant resistance level at 1.2500. A persistently weak Dollar created from the rising Trump uncertainties could elevate the GBPUSD higher this week with technical traders carefully observing how prices react to 1.2350.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"media-element file-default\" src=\"http:\/\/www.forextime.com\/images\/maa\/gbpusddaily_188.png?itok=-ZY3LKCz\" alt=\"\" width=\"640\" height=\"480\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The Sterling staged a sharp rebound during trading on Tuesday following Prime Minister Theresa May\u2019s keynote Brexit speech which provided investors the clarity long sought on the Brexit developments. The speech meticulously outlined the 12 objectives to a Brexit with Theresa acknowledging that a transitional deal would be probable in a bid [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-100910","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=100910"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100910\/revisions"}],"predecessor-version":[{"id":100911,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100910\/revisions\/100911"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=100910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=100910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=100910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}