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Published in TZ Latest News 20 March, 2016 by The TZ Newswire Staff

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The GBP is trading weaker pre-opening.  
Iain Duncan Smith, work and pensions minister, resigned on Friday. He was an advocate for a Brexit, but said his resignation was in response to his losing his ability to influence government’s austerity drive to shrink the budget deficit which he felt was targeting the less-wealthy of the population – a constituency he wanted to help. Nevertheless it brings the Brexit back into focus after a sharp rally from the Wednesday low, pushed the GBPUSD above trend line resistance.