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Fundamental Analysis
GBP/USD
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[QUOTE="HotForexsignal, post: 161126, member: 58463"] [B]GBP/USD refreshes session tops, nearing mid-1.3000s appendix-US retail sales[/B] Brexit headlines continue to rotate sentiment surrounding the British Pound. Mixed US monthly retail sales data does tiny to hinder the intraday goodish bounce. The GBP/USD pair speedily reversed a to the front European session dip and rallied far away along than 80-pips to refresh session tops, on the subject of the 1.3040 regions in the last hour. The British Pound came knocked out some renewed selling pressure and dropped put going on to closer to stuffy three-week lows upon news that the UK PM Theresa May is likely to bend tomorrow's vote from meaningful to provisional vote. However, the UK outlook spokesman denied the relation, confirming that Brexit meaningful vote will the agreement to place tomorrow, and eventually triggered a modest curt-covering bounce as regards the major. The British Pound got some tally boost as soon as UK lawmaker - Yvette Cooper's comments that she would force parliament to vote upon Brexit put off if the running doesn't save their word to focus on a meaningful vote upon Tuesday. With Brexit headlines turning out to be an exclusive driver of the sentiment surrounding the Sterling, the pair seemed rather unaffected and had a muted recognition to today's polluted general pardon of the latest US monthly retail sales data for January. In fact, the core sales figure posted a stronger than traditional and came in to combat a role a 0.9% m/m amassing as adjoining 0.2% customary, but was largely offset by a count downward revision of the previous month's already weaker readings and so, did tiny to hinder the pair's goodish intraday rebound. [/QUOTE]
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