U.K. data - Ester Holdings
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U.K. data

Despite the publication of an inflation data in the UK, the focus of the market and the dynamics of the British pound continues to depend on Brexit data. Previously,  the data that the British government is likely to extend the date of exit from the EU gave a support for the British pound. Such market expectations are associated with the complete absence of any exit arrangements between the EU and the UK. Against this background, the possibility of a second referendum has noticeably increased, and with it the possibility of implementing Brexit has decreased.

The British pound continues to trade near the annual highs against major competitors. The  GBP/USD pair is limited by psychological resistance 1.3200 and overbought. In perspective, it may indicate attempts to correct against growth.

GBP/USD chart. Current price – 1.3190

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