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GBP: Guided by Brexit uncertainties - Westpac

PM May appears to be containing rifts within her Brexit Cabinet but a softer outcome is being seen as GBP positive, according to Tim Riddell, Research Analyst at Westpac.

Key Quotes

“Need for a coherent negotiating stance will become imperative as the European summer comes to a close.”

“Although ONS data displayed weakness into this month, manufacturing PMI and housing data have shown remarkable resilience.”

“Confidence around the impact of Brexit remains critical. On the basis of the above, EURGBP appears to have peaked at 0.90 while GBP/USD is driven as much by current negative USD sentiment.”

US: ISM Non-Manufacturing PMI and jobless claims in focus - TDS

In the US session, ISM Non-Manufacturing PMI and initial jobless claims are going to be the key economic releases, according to analysts at TDS. Key
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GBP/USD still near session lows on Carney’s presser

GBP/USD is now attempting to rebound from daily lows following the press conference by Governor M.Carney, currently hovering over 1.3160/50 after drop
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