Pound weakness mitigated by prospects of yet another Brexit “meaningful” vote

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​The Pound is unwinding recent gains versus the US Dollar, dipping below the 1.29 psychological-level before paring loses. This comes in response to UK Prime Minister Boris Johnson’s Brexit deal being blocked in Westminster and a request for a Brexit extension has been submitted to the EU. Investors unwound some of the optimism surrounding the Brexit deal’s approval, which triggered the decline of about 0.6 percent in GBPUSD, before the currency pair reduced the drop by about half at the time of writing.

Despite the political setbacks, the Pound’s fall was not as steep as initially… Read More:

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