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Posted 25 July 2018 - 03:05 PM
Posted 13 August 2018 - 04:43 PM
I try to do how to read fundamental analysis in forex about GBP/USD fell every day this past week despite stronger trade, industrial production and Q2 GDP data. Investors are growing more concerned about the risk of a no-deal Brexit, worried about UK bank exposure to Turkish debt and more certain that the turmoil in the financial markets will keep monetary policy unchanged for the rest of the year. The UK government has 7 months to strike a deal with the European Union or risk damaging morale and delaying business investments by extending negotiations. Investors have grown skeptical of Brexit headlines as they ignored reports that the European Union may be willing to offer a major concession to Prime Minister May. Rumors are no longer having a material impact on the currency as investors wait for definitive progress or setbacks on Brexit talk. With a number of important economic reports on the calendar, sterling will remain in focus in the week ahead. The latest employment, inflation and consumer spending numbers are scheduled for release and given the extent of GBPUSD’s decline this month, if any of them surprise to the upside, we could see a furious short squeeze.