Signals in Fx for Brexit GBP Benefits from Weak USD
Brexit GBP Benefits from Weak USD
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Brexit GBP Benefits from Weak USD by FxPremiere Group
– It’s hard to avoid the that for now Brexit has ceased to be an important factor for London stocks.
– Monetary policy drivers and could help the Pound get back up..
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Brexit timetable, UK access to EU research and development.
British Pound and London stocks have sailed serenely through the noise, affected more tensions.
In particular the GBP, while not generally being helped by the growing belief that tighter monetary settings in the US and the Euro-Zone.
Mario Draghi, European Central Bank, is unlikely to set out a timetable for tightening policy.
US Federal Reserve officials have been distinctly dovish, benefiting the Pound at the expense of the Dollar.
Chart: GBP/USD One-Hour Time-frame August 23 – September 7, 2017
GBPUSD has climbed back above the 1.33 level and faces resistance ahead of the July 18th high at 1.3124, then the August 3rd high at 1.3266. EUR/GBP is easing back, has dropped below 0.91 and has dropped under a few month support line joining the previous rising lows.
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