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Fundamental Analysis
GBP/USD
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[QUOTE="HotForexsignal, post: 159283, member: 58463"] [B]GBP/USD weaker looks to 1.3000 appendix-PMI[/B] [I]Cable drops additional in the wake of PMI figures. Key Services PMI slipped apportion support to 50.1 in January. Brexit headlines remain absent ahead of the February 14 vote.[/I] The selling pressure around the Sterling is now picking stirring pace and dragging GBP/USD to the vicinity of the psychological end at 1.3000 the figure. GBP/USD offered on the subject of poor data Cable is intensifying the weekly leg lower after the vital Services PMI came in out cold expectations at 50.1 in January, the lowest level previously July 2016. The sentiment concerning the British Pound has been deteriorating as of late like renewed pessimism and increasing uncertainty surrounding the Brexit negotiations, all forcing spot to recede from last weeks 2019 highs above 1.3200 the figure. Still nearly Brexit, UKs PM Theresa May is received to defend her aspire to clinch a join up and avoid a hard secure scenario at today's visit to Northern Ireland. GBP/USD levels to deem As of writing, the pair is losing 0.15% at 1.3016 facing the neighboring preserve at 1.3000 (high Jan.17) seconded by 1.2965 (21-hours of daylight SMA) and finally 1.2902 (100-hours of daylight SMA). On the supplementary hand, a fracture above 1.3089 (10-daylight SMA) will reaction the read to 1.3217 (2019 high Jan.25) and furthermore 1.3257 (monthly high Oct.12 2018). [/QUOTE]
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