Contributors Technical Analysis UK Parliament Convenes As Supreme Court Dismisses Suspension

UK Parliament Convenes As Supreme Court Dismisses Suspension

The British Prime Minister was back in the UK following the Supreme court’s decision deeming the dismissal of the parliament as unlawful.

The UK’s attorney general said that lawmakers will try to get a vote on holding early elections. Meanwhile, the October 31st deadline for Brexit remains with the EU not giving the UK any concessions.

GBP/USD Slips to Support

The GBPUSD currency pair completes the downside correction. Price action fell to support level of 1.2370 after the downside breakout from the ascending wedge pattern. However, if the bearish momentum continues, there is scope for further declines. The next lower support is seen at 1.2082.

 

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