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GBP/USD at Fresh Lows Post-Brexit Vote as Reality Crashes Down

From dailyfx.com

The US Dollar is gaining ground broadly today, with the British Pound, Euro, and Japanese Yen all pitching in (AUD/USD is holding steady after the RBA rate decision). Given that the US Dollar's gains today aren't driven by domestic factors - US economic data continues to weaken, as per the Atlanta Fed GDPNow Q3'16 growth tracker - and that the US economic calendar is quiet ahead, it's worth examining these individual exogenous factors. For the British Pound, fresh yearly lows are in today versus the Euro and the US Dollar (among others) on the back of fresh commentary regarding the triggering of Article 50 from UK ... (full story)

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