Sterling remains pressured as Brexit Plan B debate come in focus

The GBPUSD pair is trading on a backfoot at around 1.3135 as the GBP stays pressured after falling to a low of 1.3130. It’s presently all about the Brexit vote amendments with the most recent being that Tory MP Nick Morgan saying that she will back the Brady Amendment and will likewise vote in favor of the Cooper Amendment.

The GBP rose 3.1% this year up until now while spot FX rate achieving 1.3214 late last Friday. In front of the Brexit amendments vote, the uncertainty expanded and it is burdening the pound.

 

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.

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