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Old 19-11-2019, 12:14
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KostiaFM KostiaFM is offline
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Default Re: Daily Market Analysis by ForexMart

GBP/USD. November 19, 2019 Ė Pound is likely to weaken

At the beginning of the week, the British sterling showed growth to the level of 1.3000, but the bulls failed to overcome it. Today, the GBP/USD pair has fallen to around 1.2925.

This week is not rich in the publication of macroeconomic data, so the major impact on the dynamics of the British currency will have the first head-to-head debates between Boris Johnson and Jeremy Corbyn on ITV. Itís known, that Johnsonís party is far ahead of the Labor Party. The market also likes his words about tax breaks and increased spending, that supports the pound.

However, experts believe that the positive effect of the last deferral of Brexit is almost completely taken into account in quotations. Therefore, with the arrival of new weak macroeconomic data on the British economy, the pound may cease to recover.
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