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A GBPUSD and Pound Reversal Whose Run Will Always Depend on Brexit
GBPUSD put in for its largest weekly reversal since the closing period of 2018. The low plunged through Tuesday pushed them pair to its lowest point since the post-Brexit flash crash back in October 2016 and came dangerously close (within 0.4 percent) to notching a new three-decade low on this benchmark pair. What’s more, this was a move that was not isolated to the Dollar-based cross. In other words, the pressure was on the Sterling generally and not simply a reflection of Greenback strength. The distinction is an important one if you are measuring where intent will form for a pair like the Cable or its many ... (full story)