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Fundamental Analysis
GBP/USD
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[QUOTE="ForexSignalses, post: 161677, member: 59138"] [B]GBP/USD refreshes session low, in the region of mid-1.3100s more or less news of shorter Brexit further gloss date[/B] EU-27 leaders said to insist May 22 as the Brexit strengthening date rather than June 30. FOMC-led USD bearish pressure seems to have abated and adds to the intraday slide. Traders now eye UK retail sales data for some impetus ahead of BoE policy update. The GBP/USD pair unsuccessful to capitalize on the order of the to the fore attempted recovery and dropped to fresh session lows, on the order of mid-1.3100s in the last hour. Having posted a session tall level of 1.3227, the pair met gone some roomy supply in admission to the news that the EU-27 leaders are looking at May 22 as the Brexit enlargement date, greater than a month earlier than June 30 requested by the UK PM Theresa May. The reasoning here is that EU-27 leaders sensitive to avoid an embassy feat when the European Parliament elections, due concerning May 23, and gives May less era to draw off her pact through the UK parliament, which was eventually seen exerting some roomy downward pressure on the subject of speaking the British Pound. Meanwhile, the recent US Dollar bearish pressure, new infuriated by the Fed's more dovish position than sustain on conventional, now seems to have abated, at least for the period swine, and subsidiary collaborated to the pair's capable intraday slide of regarding 75-80 pips. The downside, however, remained cushioned as investors yet seemed reluctant to place any terse bets ahead of the latest BoE monetary policy update and any lighthearted Brexit-related headlines coming out of the EU economic peak, starting today. In the meantime, today's UK economic docket, highlighting the pardon of monthly retail sales data, though seems unlikely to be a major game changer, will be looked upon for some hasty-term trading opportunities. [/QUOTE]
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