The pound sterling reversed its course after London secured a last-minute agreement with Brussels. Prime Minister May claimed to have solved the Irish border headache with “legally binding” assurances from the EU that the backstop will not become permanent. Should this controversial roadblock get lifted, her amended deal may have higher chance of getting through the parliament.
On the technical side, the price is reaching towards the 1.3300 psychological level. The immediate resistance is 1.3290. On the downside, 1.3130 is a key support in the short-term.
The sentiment-price correlation chart shows the sentiment rising back from the bottom, which indicates that the selling pressures have eased off in the market.