UK Prime minister may is be playing for time via the expansion period while her critics are arising and some Tories force team up with labour in a Parliamentary vote.
As for the European Union continues 'hopeful' recognizing that May is in a dilemma.
and still, there is no Brexit agreement.
All the above has weighed on the GBP. The four-hour chart shows a portion of the EMA's went above price. This probably will develop an important area to watch to re-enter the bear mode. GBP is not looking good for the now. The EU being 'hopeful' is not working anymore and can give the GBP a sustained pull to the upside.
A potential China economic fallout could backfire on the US
Daily Analysis - 19/10/2018