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Dec 06 - 11:55 PM

GBP/USD - Price Action Suggests Market Expects A Brexit Deal

By Andrew M Spencer  —  Dec 06 - 10:25 PM
  • Flat at the top of a 1.3360-1.3436 range - hectic early on Brexit news

  • Fell 0.5% on news that Brexit key issues remain unresolved nL1N2IM0HX

  • Sterling showed real resilience to bounce back from stalemate nL1N2IM0K4

  • Suggests that the market is confident that a deal will be found

  • Charts; daily and weekly 5, 10 & 21 MAs continue to track north

  • Initial resistance comes in at Friday's 1.3540 high

  • Bias higher while closes above 1.3307 rising 21 DMA


    For more click on FXBUZ

gbp 4 dec 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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