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Tuesday, January 24th
The GBP/USD eases its positions after three consecutive session of gains, as we head into European session. Seems that pound bulls have taken a breather, allowing investors to lock in some profits after significant rally, triggered by uncertainty around D.Trump’s presidency. Moreover, cautious sentiments around the Sterling are gaining a pace, as investors are awaiting for UK Supreme Court’s decision on Brexit. According to experts, lawmakers will refuse hard Brexit and will ask UK PM T.May to adopt a soft Brexit. Nothing that could overshadow latest developments around the Brexit is scheduled in data calendar, so traders will continue awaiting for Supreme Court’s decision on the Brexit process for fresh direction on the major.
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