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GBPUSD Price Outlook: Risk of Sterling Flash Crash Trendline Support

From dailyfx.com

Since we highlighted that GBPUSD was at risk of a bearish breakdown (full story), the pair has dropped near 2% to hit the lowest level since the beginning of January. Yesterday, saw Theresa May make a last-ditch attempt to win support for the withdrawal agreement bill, by offering an option to vote on whether to have a second referendum. However, this had failed to win over the sceptics with both the ERG and Labour party signalling that they will not vote in favour of the bill. Consequently, the end of Theresa May looks to be quickly approaching, particularly with the Conservative Party set to face a weak showing in ... (full story)

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  • Category: Technical Analysis