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FXTM Forex Market Update | 31/07/2018

Global markets were mostly mixed as investors adopted a guarded approach ahead of the Federal Reserve policy meeting. The caution can be reflected across currency markets with the Dollar struggling for direction. In the commodity arena, Gold remains pressured mostly due to US rate hike expectations. With the economic calendar fairly light today following the BoJ meeting, price action may dictate where currencies and commodities trade towards. • The #GBPUSD needs to breach 1.3084 for further downside • #Gold bears are eyeing $1213 For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

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Pound shoots higher despite Brexit drama; Gold snoozes
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21 October @ 18:52

By Lukman Otunuga, Research Analyst

Pound shoots higher despite Brexit drama; Gold snoozes
The British Pound was in high demand on Monday despite UK lawmakers delaying a crucial Brexit vote over the weekend. Markets were pricing in the best-case scenario in terms of a Brexit deal being passed this week despite the setback on Saturday. However, Speaker John Bercow quashed these... Read full post
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21 October @ 10:39

By Hussein Sayed, Chief Market Strategist (Gulf & MENA)

Sterling falls from five-month high as Brexit final outcome remains unclear
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By Han Tan, Market Analyst

Pound weakness mitigated by prospects of yet another Brexit “meaningful” vote
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