PM May goes to Africa to shore up relationships for the post-Brexit world - Scotiabank

Analysts at Scotiabank explained that PM May is travelling to Africa this week to shore up relationships for the post-Brexit world. 

Key Quotes:

"French PM Macron suggested a Brexit accord by year-end might be acceptable, which stretches out the timeframe for a deal to be reached by another few weeks potentially."

"But that still leaves PM May with a lot of work to do against a parliamentary backdrop that remains relatively unfriendly."

"GBP/USD short-term technicals: neutral."

"Trend signals remain neutral on the hourly and intraday signals, suggesting little real impetus to push out of recent ranges. We look for support on dips to the low/mid 1.28s today and expect resistance near 1.2885/90."