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Jan 02 - 03:48 PM
GBP/USD's Year-End Bid Loses Traction As No-Deal Brexit Returns To Focus
First appeared on eFXplus on Jan 02 - 01:25 PM
  • GBP/USD hit hard in NY -0.88% to 1.3133, NorAm range 1.3211-1.3118

  • Year-end bid reversed on lingering Brexit fears as UK set to exit EU Jan 31

  • Sterling rally fades as Brexit negotiation uncertainties rise nL1N2970E5

  • Support at 21-DMA (1.3118) holds for now, then 1.3064 10/30-DMA area

  • Res 1.3172 10-HMA, 1.3255 Jan 2 high, then 1.3320 upper 30-w Bolli

  • EUR/GBP +0.61% to 0.8505, Thurs range 0.8514-0.8460; GBP weaker link in Brexit tumult

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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