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Nov 25 - 12:12 AM
GBP/USD - Bid As PM Cruises, But Brexit Policy Has Holes
First appeared on eFXplus on Nov 24 - 09:55 PM
  • Trades +0.15%, in a 1.2841/1.2865 range with consistent activity

  • EUR/GBP -0.15%, saw occasional substantial interest in a 0.8565/81 range

  • PM will not extend Brexit implementation period beyond Dec 2020 nL8N284073

  • Leaves a short time for EU talks - potential for a hard Brexit nL1N285005

  • Datapraxis analysis, Conservative majority Gov't of almost 50 nL4N2830CT

  • Charts - momentum studies slip, 5, 10 & 21 DMAs conflict, neutral setup

  • Six week 1.2770/1.3012 range looks set to extend unless the USD trends

gbp3 nov 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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