British Pound has got support after the UK Queen has vetoed any Brexit without a deal. This gives some hopes that the UK won’t leave the EU without a deal.

All important UK data was positive last week. GDP has shown 0,3% growth after 0% growth previously. As for the manufacturing production, it has shown 0,3% growth as well.

There are no clear signals currently. GBP/USD may both develop its growth or stop there for a correction towards 1,2372. We advise to wait for clear signals before taking any further decision.