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GBP/USD Weekly Forecast: Brexit hell bells overshadow the macro picture
With Brexit headlines having so much influence on the currency market and finishing the UK Brexit deal in the next seven days would be “pushing” according to British Foreign Secretary Jeremy Hunt, the FX market is destined to surf the Brexit headlines induced volatility rather than reflect the economic reality of macro data. Sign of a Brexit deal completion is expected to support Sterling while Brexit deal negative news weighs on its value. Although a great set of the UK data is scheduled for the next week with inflation and wages in the UK rising, with Brexit deal nowhere at sight Sterling is likely to remain ... (full story)