 Sterling rebounds solidly today and there is new wave of buying coming in at early part of US session. Positive news regrading Brexit negotiation is the key driver of the Pound. It's reported that the Brexit agreement is now closer than ever. And, there are only a small number of issues that. Further than that, the texts regarding Irish backstop are even reported to be ready. Prime Minister Theresa May has told her Cabinet to get ready to sign the agreement tomorrow, or by latest Thursday. While these are unconfirmed news from unnamed sources, Sterling traders don't care how real they are and jump in. New Zealand and Australian Dollar follow as the second and third strongest. They're clearly lifted by optimism that US and China are moving in the right direction to solve trade conflicts. Chinese Vice Premier Liu He would travel to the US shortly, to work with Treasury Secretary Steven Mnuchin on preparing the summit between Trump and Xi at the G20 summit on November 30. And it's believed that certain set of things would be agreed to avert further escalation of the tariff war. On the other hand, Yen is trading as the weakest one, followed by Dollar, as market sentiments stabilized, and lifted. Technically, EUR/GBP's break of 0.8690 now confirms resumption of recent fall from 0.9098. GBP/JPY's strong rebound also put focus back to 149.70 resistance. GBP/USD might recover further but there is no sign of breaking 1.3174 resistance yet. Dollar has clearly lost some momentum and would consolidate for a while first. | 
