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GBP/USD and BREXIT
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csc2009

Member Since Apr 09, 2014  834 posts csc2009 Sep 04 2017 at 06:31
Brexit negotiations are showing ''no progress'', so does Pound. The pair is consolidating around 1.2950/60, no clear directional strength.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Sep 11 2017 at 06:40
While the pair maintains strong upward momentum, rising to resistance level at 1.3225, the lack of progress on Brexit talking could hold back the gains this week.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Sep 18 2017 at 06:33
Pound hit the highest since Brexit talk started, found resistance around 1.3615/1.3620 zone. I'm expecting consolidation in the beginning of the week before the pair uptrend extend further.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Oct 09 2017 at 06:34
The absence of a clear Brexit strategy continue drive the pair down, limited upward correction movements while Gbp/Usd is still holding above 1.3000 psychological handle.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Oct 16 2017 at 07:26
This week all focus on the EU summit and Theresa May's 'emergency' trip to Brussels on Monday, it's all about Brexit these days.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Oct 23 2017 at 06:25
Gbp/Usd is neutral around 1.3180/90, showing no clear directional strength for now. Market continue to focus on any further Brexit development and we have UK GDP this week too.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Oct 30 2017 at 07:41
Brexit talks continue to be in centre stage, Theresa May under pressure to leave EU with no deal. Pound is consolidating in the negative territory just above 1.31 level, showing no clear directional strength for now.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Nov 06 2017 at 07:52
Brexit negotiations have seen no progress so far, uncertainty of the future Brexit talks will remain pressure on Pound. Gbp/Usd is consolidating around mid level between 1.30 to 1.31, showing no directional strength short term.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Nov 13 2017 at 07:29
Gbp/Usd reacted on the news that 40 members of the PM's Conservative party signing a letter of no confidence in Theresa May's leadership, opened the week with bearish gap and drop to around 1.3120 level. I'm expecting further decline on Pound.

csc2009

Member Since Apr 09, 2014  834 posts csc2009 Nov 20 2017 at 07:46
Gbp/Usd continue ranging between 1.302 and 1.325 with limited upward strength. The market continue to focus on Brexit.

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SNB Financial Stability Report (2h 51min)
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EURUSD 1.15631 GBPUSD 1.31603
USDJPY 110.497 USDCAD 1.33107

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