News 

Sterling recovers some poise; cable trades near session highs now

“Putting that into consideration, expect more choppy price action over the next few sessions as mentioned earlier” reports forexlive.com. Choppy price action continues for the pound as markets now have to wait on further developments ahead of a third meaningful vote next week.However, upside remains limited as well considering the fact that sentiment remains that May is more than likely to face defeat again when her Brexit deal is put to the test in parliament before 20 March.That remains a tough ask for now so I would expect such doubts…

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GBP News 

Sterling loses some ground as traders digest aftermath of Brexit votes this week

“Tick tock, tick tock” reports forexlive.com. I reckon price action will sit around these levels until we get more clarity in the days to come.But unless we get more headlines on that, expect more choppy trading in the pound and price to settle in this deadlock area above the key hourly moving averages but below the 1.3300 handle. Source: forexlive.com

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GBP News 

British pound steadies after UK parliament gives nod to Brexit delay

“Trump said whether a trade deal can be reached with China would probably be known in the next three or four weeks” writes Sukree Sukplang for cnbc.com. British lawmakers approved a motion setting out the option to ask the EU for a short delay if parliament can agree on a Brexit deal by March 20, or a longer delay if no deal can be agreed in time.Against the euro, the pound retreated to 85.25 pence from Wednesday’s 22-month peak at 84.725.The euro eased to $1.1307 from Wednesday’s one-week high of…

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GBP News 

British pound pulls back from highs as investors await next Brexit vote

“But U.K. lawmakers will need the EU’s other 27 governments to unanimously approve an extension” writes Markets Reporter for marketwatch.com. The pound fell Thursday, a day after the U.K. currency surged on a vote by the country’s parliament to rule out a no-deal exit from the European Union.On Thursday, lawmakers are expected to vote in favor of a proposal that would delay the U.K.’s exit beyond the current March 29 deadline. Source: marketwatch.com

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Markets News 

Asia shares take a breather, pound near nine-month peak

“Oil prices extended overnight gains with U.S. crude up 9 cents per barrel at $58.35 and Brent adding 7 cents to $67.62” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan was barely changed at 522.38 points.Japan’s Nikkei jumped 0.6 percent while Australian and New Zealand shares each added 0.2 percent.Wednesday’s vote boosted investor optimism in equities market too, with the pan-European STOXX 600 index climbing 0.6 percent while London’s FTSE 100 added 0.1 percent as sterling extended gains. Source: 95kqds.com

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GBP News 

Asia stocks higher after UK lawmakers reject a no-deal Brexit

“Asia Pacific markets climbed Thursday following gains on Wall Street and as British lawmakers rejected the idea of leaving the European Union without a Brexit deal in place” writes Toshifumi Kitamura for cnbc.com. Investors became optimistic when U.K. lawmakers rejected the idea of leaving the EU without a deal in place under any circumstance.Initially Prime Minister Theresa May’s government had asked Parliament to vote on ruling out a no-deal Brexit for the official Mar. 29 deadline. Source: cnbc.com

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GBP Markets News 

Sterling holds steady ahead of European markets open

“Despite May’s defeat in the second meaningful vote yesterday, the pound is holding steady with cable lurking near the 1.3100 handle as we start to prepare for a vote on a no-deal Brexit later this evening” reports forexlive.com. As it stands, markets are anticipating that we’re headed towards a Brexit extension in the coming days/weeks, so that is still helping to support the quid ahead of the London open today. Looking ahead, Brexit headlines are likely to occupy much of the European morning but they shouldn’t be as impactful as…

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News 

Cox’s advice: Legal risk remains unchanged that UK would have no lawful means of exiting arrangement

“The fact that Cox says that the legal risk remains unchanged will pretty much help May’s deal to be dead on arrival in parliament later” reports forexlive.com. The pound has tanked on the back of the comments here with cable falling from 1.3160 to 1.3044 before trading around 1.3050-60 currently. Source: forexlive.com

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GBP Markets News 

Sterling falls as markets wait on Brexit legal advice

“The reality of the situation is beginning to sink in and we’re seeing the pound fall as markets remain skeptical about the sort of legal changes that will be brought about from May’s revised deal” reports forexlive.com. If anything, I would expect plenty more volatility still to come for the pound but if Cox doesn’t deliver the legal wording that the government seeks, expect the pound to take a further dip from here. Source: forexlive.com

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