Accurate FX Signals | Brexit British Pound Under Pressure

Accurate FX Signals | Brexit British Pound Under Pressure

Accurate FX Signals | Brexit British Pound Under Pressure Talking Points seen today by FxPremiere.com Group

– UK Prime Minister .Theresa May says if Scotland to become independent it would no longer be in the EU. Scotland’s First Minister N Sturgeon quoted EU market access and more power seen.

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– The British Pound caught in the cross-fire is under extreme pressure.

Widening interest rate helping the US Dollar extend its gains, like in EUR/USD due to German US yield spread.

– Major Concerns over Australia losing its AAA credit rating hurting AUD/USD; concerns over UK PM May’s handling of Brexit hurting GBP/USD.

Both UK Prime Minister Theresa May and Nicola Sturgeon devolved Scottish government in Edinburgh, set out their Brexit positions with more news to follow in the weeks ahead.

FxPremiere.com UK assets were mostly weaker on Tuesday. GBPUSD dropped for a second successive day, while EURGBP climbed for the second day running and the yield on the 11-year benchmark UK government bond moved higher.

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Accurate FX Signals | Brexit British Pound Under Pressure

Accurate FX Signals | Brexit British Pound Under Pressure

Having had the benefit of the weekend to cool off, investors’ thinking may evolve narrative on the new year eve of the year-end drain and with many assets pushed to extremes may trigger a round of profit-taking on the greenback.Daily Forex Signals | Weekly Trading Forecast

The Canadian Dollar weakened vs the USD as did the rest of G10 FX when the Federal Reserve signaled a more hawkish/ steeper dot plot than expected.

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