"The Brexit killing season" seems to have come to an end, and the Pound is getting hammered this morning against all its main pairs for over 1.5%. The failure to approve the Brexit deal in UK parliament will see very wild swings in the next hours or days.
Some of the most important headlines were the resignations of Brexit Secretary Dominic Raab, and Pensions Secretary Esther McVey. Also, the European Research Group of Tory MPs were to submit letters calling for a confidence vote in Theresa May's position.
The EUR/GBP pair increased 2.05 percent, from 0.8678 the lowest level in yesterday session to 0.8856 this morning, due to the weakness in the Pound.
Regarding the GBP/USD, the technical levels to consider for today are still very wide because of further Brexit new events coming. The level on the downside is 1.2600, and the level on the upside is 1.3175.