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Nov 30 - 08:55 PM

GBP/USD - Brexit Talks To Leave Tense Ongoing EU-UK Relationship

By Andrew M Spencer  —  Nov 30 - 06:35 PM
  • +0.05% after closing up 0.05%, resilient to USD strength on month end flow

  • Scant Brexit progress on key state aid, enforcement & fishing nL8N2IG1E3

  • Market still expects a deal, but there seems to be little trust at the talks

  • Suggests that even if a deal is made - EU/UK relations will be strained

  • Charts; momentum studies crest - net positive 5, 10 & 21 DMAs

  • Bias up while 1.3323 10 DMA holds - sustained break turns signals neutral

  • NY 1.3388 high then last week's 1.3399 top are first resistance

  • London 1.3305 low then 1.3284 base Friday are initial supports

    For more click on FXBUZ

gbp dec 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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