GBP/USD starts fifth phase of Elliot wave on Brexit deal optimism

The GBP/USD pair is up for the second straight day as the market remains optimistic of a compromise between the European Union and the United Kingdom. The overall weaker US dollar has also helped push sterling higher. The pair is trading at 1.2898, which is just two pips below the important resistance of 1.2900. Analysts remain optimistic of a Brexit deal The situation in the UK looks bad. Furthermore, the UK and the European Union concluded their eighth round of talks without an agreement. At the same time, Boris Johnson irked the EU by tabling an internal markets bill in