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Matching strong vs weak currencies
What immediately caught my attention in the last 24 hours of Forex trading activity, was the contrasting performance of the British Pound against the Japanese Yen. In order to understand the sell-side pressure that hit the British currency, one must be reminded of the high-stakes context the United Kingdom finds itself in as part of the Brexit trade negotiations. These talks between the EU and UK representatives are going down to the wire. The latest information suggests that the EU is ready to threaten the United Kingdom by pulling out of Brexit talks if the latter refuses to compromise. Michel Barnier, the Chief ... (full story)