Our member AFEX have recently published a GBPBGN Analysis
“We are currently approaching important resistance at 2.2675. Should the market move above this level we can expect a postponement of sterling weakness for some time. Fundamentally this move higher has been caused by UK parliament moving to stop a no deal Brexit where the UK would crash out of the EU without an agreed departure deal. This move is expected to be made law on February 5th and we could easily see strength between now and then as the market moves to price in this change of the fundamental picture.”
For further information please refer to the chart attached below or you can visit AFEX official website.