Sterling crumbles as Brexit uncertainty drags on

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The British Pound extended losses against the Dollar on Wednesday amid speculation over Prime Minister Theresa May’s Brexit deal crashing into a brick wall.

Market expectations over May potentially facing a leadership challenge also compounded to the overall uncertainty, and this continues to be reflected in Sterling’s valuation. With buying sentiment towards the British Pound set to diminish further thanks to the terrible combination of Brexit related uncertainty and political drama in the UK, the GBPUSD is positioned to trend lower. Technical traders will continue to closely observe how… Read More:

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