EURGBP started of the week with a bullish move above 2-weeks high above 0.90000 amid fears of no Brexit deal. The pound drops to nearly 3 years low near 1.23000 as the member of the new Government, Michael Gove wrote that there is now a “very real” possibility of the U.K. crashing out of the EU on Oct. 31 without transitional arrangements in place to cushion the blow to the economy.The pair currently trading at 2 weeks high at 0.90390 has raised 0.62% for the day impacted by the poor economic data. British PM’ spokeswomen said, that the EU will won’t change from wanting to reopen the Withdrawal Agreement. She also added that, “While there is no change on the Withdrawal Agreement we must assume there will be a no deal, the government’s central focus is preparing for that.” In the recent news PM Boris Johnson is “turbo-charging” its preparations for leaving the European Union without a deal. The pair crossing above 0.90500 will open doors to 0.90900, January high. On the other side, once the pair falls again below 0.90000 trap, the pair extends its downside movement to 0.89000 and below.

EURGBP TODAY:
Daily open: 0.89900
Daily Last high: 0.90645
Daily Last Low: 0.89800
Daily current growth: +0.84%