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Thomson Reuters
Jan 29 - 08:36 PM
GBP/USD - Resilient - PM May Between A Rock And A Hard Place
First appeared on eFXplus on Jan 29 - 06:25 PM
  • Shade firmer, as the dust settles from parliament votes, closed only -0.7%
  • PM May must negotiate replacing the Irish backstop with the EU nL5N1ZT2CZ
  • EU's Tusk and France rejected any renegotiation nL5N1ZT7K8 & nL5N1ZT86L
  • Puts PM May between a rock and a hard place - 'no deal' Brexit on the table
  • Modest fall suggests the market believes a deal is viable - we will see
  • Positive techs: 1.3053 200 DMA & 1.3168 NY afternoon high support/resistance

gbp jan 30 Click here

Source:
Thomson Reuters IFR Markets

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