Only charts

Theresa May will take the leadership challenge today between 16:00 and 18:00 GMT. News of no  confidence vote surfaced today by bbc. Last period has been tough on her and British people as well , who are now confused and not sure about their future in European bloc. Theresay May postponed the vote on brexit deal last Monday and she went to Brussels for more negotiations which was rejected by Donald tusk and Angela Merkel. Gbp/Usd is currently trading at 1.2540$ after falling to 1.2478$ last night. The pair is under alot of pressure with all of this brexit news flow. Next resistance for the pair lies at 1.2580$ , followed by 1.2640 then 1.2720$ . on the downside 1.2510$ will provide support  for the pair followed by 1.2480$ , yesterdays low.

austria's bluemel says deal on the table is the best possible solution, not a good idea to re-start negotiations . Todays key event is the unemployment report; as of now, the unemployment rate in the uk stands at 4.1 percent and median estimate suggests it is likely to remain same. gbpusd is currently trading around 1.26$ , next resistance lies at 1.2640$ followed by 1.2670$ while support lies at 1.2540-60$ . Theresa may postponed the vote of parliament on brexit deals she had with brussels and donald tusk stated that this deal or no deal , looks like there will be no more negotiations and we are very close to no deal or may be canceling brexit at all which only needs decision from the uk without getting back to european union. Personally , I expect there will ve no confidence vote soon or theresa may will resign first.