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GBP/USD Extends Gains, Brexit Talks to Resume

by kyngsam


GBP/USD Value Evaluation & Information

  • Brexit Talks Set to Resume
  • GBP/USD Extends Features to Session Highs

Brexit Talks Set to Resume GBP/USD Extends Features

Brexit talks are set to renew, a headline that shouldn’t be a shock to many given the renewed optimism, however sufficient to present the Pound an added push in the direction of session highs. The supply report additionally famous that the goal is for a deal by mid-November with affirmation of the choice to restart talks anticipated throughout the subsequent 24hours. Be mindful nevertheless, that mid-November had been beforehand highlighted as a brand new Brexit deadline date if talks had been to proceed. Alongside this, EU’s Barnier and UK’s Frost are resulting from communicate for the third time in as many days, the place we could obtain additional readability on the newest reviews.

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That mentioned, the Pound had been notably firmer previous to the reviews after EU’s Barnier famous that compromise is required on each side to succeed in a deal, which marked a slight change in message from final week, the place the EU emphasised that the UK wanted to compromise.



of clients are net long.



of clients are net short.

Change in Longs Shorts OI
Daily -16% 26% 7%
Weekly -6% 27% 13%

GBP/USD 1-Minute Chart: Every day Time Body

Brexit Latest: GBP/USD Extends Gains, Brexit Talks to Resume

Supply: IG

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