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  • GBP/USD: Bears in control amid Brexit drama, focus shifts to UK GDP

    From fxstreet.com

    The GBP/USD pair trades little changed around 1.2930 before European session on Monday. The quote came under pressure on Reuters report that the UK PM Theresa May rejects opposition’s appeal to UK-wide customs union, raising another bar for smooth Brexit process at home. Next in the investor's radar is fourth quarter UK GDP growth whereas developments concerning Brexit can continue playing background music to the moves. The fourth quarter (Q4) British GDP growth is likely to soften to 0.2% from 0.6% rise during the previous quarter. On a yearly basis, the growth figure may soften to 1.4% during the last quarter of 2018 compared to Q4 ... (full story)

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  • Post #1
  • Quote
  • Feb 11, 2019 3:00am Feb 11, 2019 3:00am
  •  Guest
  • | IP XXX.XX.185.6
There is no point in trading a pound before the March 29 vote.
  • Post #2
  • Quote
  • Feb 11, 2019 3:35am Feb 11, 2019 3:35am
  •  AnniLi
  • | Commercial Member | Joined Jan 2015 | 1,049 Comments | Online Now
Leaving the EU and keeping a CU makes a nonsense of both.
  • Post #3
  • Quote
  • Feb 11, 2019 4:50am Feb 11, 2019 4:50am
  •  Guest
  • | IP XX.XX.125.41
Where does that leave Norway Iceland Turkey etc (all having customs union with EU and none of who are Members of the EU.) Nonsense?
  • Post #4
  • Quote
  • Feb 11, 2019 8:20am Feb 11, 2019 8:20am
  •  sadeghi
  • | New Member | Status: Member | 5 Comments
we finally have a deal and then, a rally GBP
  • Post #5
  • Quote
  • Feb 12, 2019 6:04am Feb 12, 2019 6:04am
  •  martinaveyro
  • | Commercial Member | Joined Dec 2018 | 2 Comments
It can be good!
  •  Guest
  • | IP XX.XXX.61.41
  • Story Stats
  • Posted: Feb 11, 2019 1:08am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 2,089
  • Linked events:
    GBP GDP m/m
    GBP Prelim GDP q/q
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