PM May strikes Brexit deal with EU on Fin. Services: FT

The GBPUSD moves to new session highs

The financial Times is reporting that UK Prime Minister may has struck a Brexit deal with the EU on financial services.

• deal would give UK financial services companies continued access to European markets after Brexit
• tentative agreement on all aspects of future partnerships on financial services as well as exchange of data

The GBPUSD has spiked higher on the headlines. The price has broken above the 100 hour MA and trend line and is approaching the 200 hour MA (green line in the chart below) at 1.2870. THe price of the GBPUSD has not been above the 200 hour MA since October 17th.