Pound regains mojo on positive GDP and Brexit optimism

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It has not been a bad start to the trading week for Sterling which is standing tall against every single G10 currency as of writing.

Mildly encouraging remarks from Boris Johnson on Brexit coupled with surprisingly strong economic data from the United Kingdom have sent the GBPUSD rallying over 100 pips. Easing fears over Britain heading for a recession after economic output in July jumped 0.3% should support Pound bulls in the near term. While rising speculation around Brexit being delayed to January 2020 will most likely boost buying sentiment, the road ahead for the Pound is still filled… Read More:

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