State of the market: the British pound continues to grow
At the opening of trading on Tuesday, the British pound keeps upward dynamic on the excessive optimism of the market, which is caused by the possibility of Brexit postponing and new deal options. Earlier, on Monday, the British pound received support on the rumors that if the Brexit deal does not pass a vote in parliament, it can be canceled. At the opening of trading on Tuesday, it became aware of new details of the deal, that also supported the British pound.
As a result, the British pound continues to trade with the strengthening, receiving support mostly from rumors, virtually completely remaining in the grip of sentiment and speculation. Also, if today the Brexit deal wouldn’t be approved by the British Parliament it will mean that on Wednesday they will consider the possibility of a hard exit from the EU.
The US dollar index accelerated the decline against a basket of competitors. The American dollar is trading near psychology 97.00, actually maintaining the potential for a decline and support levels: 96.70-80.
Read also: “Australia: the state of the economy and the prospects for raising the interest rate of the RBA”
Hanzenko Anton
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