The sterling extended gains for a third consecutive session, posting gains of 0.22% on the day.
The British Prime minister May will be holding talks with the leader of the opposition, Jeremy Corbyn. The UK has nine days left to chalk out a Brexit deal. Investors now expect to see the UK leave the EU with an acceptable deal in hand.
Will the GBP/USD Continue to Extend Gains?
After rising for the past three consecutive sessions, the currency pair is quite likely to maintain the upside momentum. Price action has stalled near the minor resistance of 1.3171 level. A breakout above this level could push the cable to test the previously established highs of 1.3312. To the downside, GBP/USD has to close below 1.3117 to invalidate the upside bias.
