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GBP/USD Forecast: Sterling Faces Tough Resistance Of 38.2% Fibonacci Retracement At 1.2990
Wednesday, January 23, 2019 - 12:06pm | 438Read More...The GBP/USD is boosted to mid-1.2900s on delayed Brexit hopes. The Bank of England Deputy Governor Ben Broadbent is scheduled to speak at the London School for economics. The political disputes about the future continue with the opposition Labor party pushing for the second referendum. Looks like...
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GBP/USD Forecast: Sterling Back To The Old Range As Global Worries Bite Amid Brexit Stalemate
Tuesday, January 22, 2019 - 1:08pm | 429Read More...The GBP/USD is trading little changed on the downside as global growth worries favor safe-haven greenback. The UK Prime Minister Theresa May failed to deliver a new strategy and a Plan B for Brexit deal while speaking in parliament. The UK labor market report is expected to deliver strong figures...
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GBP/USD Forecast: Sterling Corrects Lower As Plan B Is Unlikely To Surprise
Monday, January 21, 2019 - 11:17am | 434Read More...The GBP/USD is trading down back in the middle of the old range in 1.2800s as plan B for Brexit is unlikely to surprise. The UK Prime Minister Theresa May is expected to present Plan B in the House of Commons on Monday with a new plan being reportedly pretty much the same as the original. The GBP...
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GBP/USD Forecast: Sterling Is Heading South After Rejection At 38.2% Fibonacci Level
Friday, January 18, 2019 - 12:12pm | 461Read More...The UK Prime Minister is in intensive talks on the domestic political scene with the opposition Labor party refusing to participate. Media reckon 50% chance of Brexit turning to Norway type of cooperation with the European Union. The GBP/USD is sliding lower after the euphoria bringing it to 1....
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Today's Pickup: Brexit Soap Opera, Netflix's Rail Exploits, Portland Freight Hub
Friday, January 18, 2019 - 10:33am | 746Read More...Good day, Brexit over the past week has unfolded like a soap opera for the supply chain set. Every day brings a new cliffhanger — "Prime Minister Theresa May is out!" — only to be followed by an anti-climax — "Wait! May is still in!" FreightWaves ...
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Labour And Tories In Brexit Stand-Off
Friday, January 18, 2019 - 10:28am | 1088Read More...The Labour Party has demanded that Theresa May takes the prospect of no deal (on Brexit) off the table following the failed motion of no confidence in the government yesterday. Jeremy Corbyn, the leader of the Labour Party, called May's invitation for talks a "stunt" and refused to...
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GBP/USD Forecast: Sterling Rangebound After May Wins A No-Confidence Vote
Thursday, January 17, 2019 - 11:49am | 405Read More...Prime Minister Theresa May's government won a confidence vote in the House of Commons with 325 votes versus 306 clearing the way for a delayed Brexit. The European Union is reportedly ready to delay withdrawal until next year. The GBP/USD remains in a sideways trend in the upper part of the...
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Industry Fears Hard Brexit Is Closer; Markets Believe Soft Exit Is Possible
Wednesday, January 16, 2019 - 3:47pm | 725Read More...Logistics and transport industry figures have reacted with alarm following the British Government's significant defeat in the House of Commons yesterday, fearing that the result brings a disastrous "no deal Brexit" closer, but a bounce in the value of the pound shows the markets are...
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EUR/USD Forecast: Euro Stays In Sideways Trend As Draghi Sees Economy Weaker Than Expected
Wednesday, January 16, 2019 - 11:01am | 514Read More...ECB President Mario Draghi said before the European Parliament that recent economic developments have been weaker than expected The sideways trend on EUR/USD is prevailing as currency pair remains below the short-term triangle structure. Regional Federal Reserve President of Dallas and Kansas City...
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GBP/USD Forecast: Sterling Boosted By Prospects Of Delayed Brexit After The Historical Defeat
Wednesday, January 16, 2019 - 10:56am | 541Read More...Theresa May's Brexit proposal got rejected at with 432-202 votes Opposition Labor party will trigger a no-confidence vote today with Theresa May seen winning the vote as Conservatives are unlikely to face early elections amid lack of public support. The Bank of England Governor Mark Carney is...
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Brexit Deal Voted Down, Casting Doubt On Future Of Trade
Tuesday, January 15, 2019 - 6:15pm | 565Read More...Theresa May's Brexit deal dead in the water following humiliating defeat for withdrawal deal in British Parliament. Theresa May's European Union (EU) withdrawal bill looks dead in the water following a resounding defeat in Parliament that saw Members of Parliament voted by a majority of 230...
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Brexit Deal Is Best Route Forward For Freight Industry
Tuesday, January 15, 2019 - 4:19pm | 552Read More...Theresa May's European Union (EU) Brexit withdrawal agreement is the preferred way forward for the freight industry, according to the Freight Transport Association (FTA). Members of Parliament will vote on whether to accept the British government's proposals. However, most observers agree...
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GBP/USD Forecast: Brexit Deal Defeat Is Priced In, The Margin Sets The Direction
Tuesday, January 15, 2019 - 10:39am | 524Read More...The GBP/USD retreated from highs above 1.2900 to trade at mid 1.2800s as the risk of Brexit deal rejection is pricing in. The UK Prime Minister Theresa May made a last minute attempt to push the deal through with a speech but she is unlikely to succeed. With the Brexit deal rejection being a sure...
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The Latest On Brexit Uncertainty: May Says Government Has 'Duty To Deliver' On Promise
Monday, January 14, 2019 - 5:41pm | 530Read More...The British people voted in 2016 to leave the European Union with a divorce date set for March 29, 2019. But with less than 80 days until then, the British government has yet to reach a finalized agreement with the European Union to govern the exit and what their relationship will look after the...
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GBP/USD Forecast: No Brexit Option Is Not Enough To Support Sterling Amid Slowing Activity
Friday, January 11, 2019 - 12:35pm | 552Read More...The GBP/USD moved lower towards 1.2700 level even with No Brexit option admitted by UK Foreign Secretary. The UK Foreign Minister Hunt admitted a no Brexit possibility coming into the sight as Brexit deal impasse weighs. The UK manufacturing output fell -0.3% m/m in November after a revised...
