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Sep 08 - 09:48 PM
GBP/USD - Political Turmoil, Odds Favour A November Election
First appeared on eFXplus on Sep 08 - 07:25 PM
  • Off 0.1% - no major weekend Brexit changes, but another conflict looms today
  • No deal Brexit opposition try to force Boris to obey the law nL5N25Z0T1
  • Boris prepares plan to legally stop Brexit extension, Telegraph nFWN25Z02U
  • UK to work for a Brexit deal at EU Oct 17th meeting not a delay nL5N25Z0IX
  • Odds on election after Oct 31st 6/5 favourite, October election 5/1 against
  • Daily charts are positive, as momentum studies, 5, 10 & 21 DMAs rise
  • Earlier 1.2265 low and NY 1.2338 high sup/res - tight Asian range likely

gbp sep 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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