Sterling surges as Bloomberg reported that UK and EU negotiators are closing in on a draft Brexit deal in Brussels. And there is even optimism that there will be a breakthrough before the end of today. GBP/USD takes out 1.2707 with conviction. Rise from 1.1958 is now on track to 100% projection of 1.1958 to 1.2582 from 1.2195 at 1.2819. Break will target 161.8% projection at 1.3205.

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