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GBP Slumps as CBI Warns Neither UK nor EU are Ready for No-Deal

GBP Talking Points: CBI warns neither UK nor EU are ready for the disruption that a no-deal would cause GBP faces further losses as Boris Johnson appoints hard-line Brexiteers as cabinet members to ensure Brexit is delivered by October 31 BoE expected to keep rates unchanged at 0.75% on Thursday as Brexit uncertainty continues Increasing […]
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UK Jobs Data Fails to Cheer Up GBP Pairs, Focus on Carney Speech

Sterling (GBP) Talking Points: UK jobs data provides mixed sentiment as wages manage to grow but claimant change is higher than expected Tory leadership race drags on the uncertainty around Brexit, GBP confidence deteriorates GBPUSD and EURGBP continue to head lower towards year-lows/highs with further volatility expected GBP was losing some ground in the beginning […]
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Did AUDUSD Backside? GBPUSD Wobbled as UK PM Resigned Amidst Brexit

Asia Pacific Market Open Talking Points US Dollar depreciation prolonged into a second day, is AUD/USD bottoming? GBP/USD wobbled, UK PM Theresa May resigned with Brexit talks ongoing Euro vulnerable to European Parliamentary Election results in thin Asia trade Trade all the major global economic data live as it populates in the economic calendar and […]
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GBPUSD Rate Susceptible to Dismal UK Retail Sales Report

Trading the News: U.K. Retail Sales The U.K. Retail Sales report may keep GBP/USD under pressure as the headline reading for household spending is expected to contract 0.4% in April. Signs of a less robust economy may produce headwinds for the British Pound as it encourages the Bank of England (BoE) to retain a wait-and-see […]
GBPUSD Brushes off UK GDP Development, US CPI May Offer Guidance

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