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Dec 01 - 07:55 AM

GBP/USD - Retreats From Three-Month Top As Brexit Clock Ticks

By Rob Howard  —  Dec 01 - 06:25 AM
  • 1.3338 is low water-mark for cable since its early London rise to 1.3409

  • See: nL1N2IH0GB. Drop to 1.3338 influenced by some profit-taking on longs

  • Bids may emerge pre-1.3300 if GBP/USD extends south (1.3305 was Monday low)

  • Outcome of EU-UK trade negotiations will impact the pound this month

  • No-trade deal Brexit is still possible, UK minister Gove says nL8N2IH17N

  • Fed chair Powell is due to speak at 1500GMT nL1N2IG26JnL1N2IG1R7

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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