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Thomson Reuters
Dec 27 - 06:12 AM
GBP/USD - Set To Wipe Out Bulk Of 2017 Recovery
First appeared on eFXplus on Dec 27 - 04:25 AM
  • A drunken walk for the pound this year and set to end in the red
  • USD has its Fed identity crisis but GBP staring at 12% 2018 Brexit decline
  • December cable recovery hit the rocks at 1.2739, 30DMA capped Dec 24 rally
  • 30DMA capped Wednesday lift too and comes in at 1.2702 today
  • UK PM Theresa May's attempt to garner Brexit support comes to a head in Jan
  • Hard to see GBP making much headway while parliamentary approval is sought

GBP/USD Daily Chart: Click here

GBP/USD Yearly Chart: Click here

Source:
Thomson Reuters IFR Markets

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