Usd to euro graph: “Too early for a Firm Rebound” in British Pound says Analyst, Sterling Softer vs. Euro and Dollar on Monday

“The British Secretary of State for Exiting the EU has signed into law a bill that repeals the European Communities Act 1972. This action makes Britain’s exit from the European Union on 31 October a certainty. Previous moves to a no-deal Brexit weighed on Sterling. However the GPB/USD chart is indicating potential for a significant move higher. Forex traders have sold the Brexit rumour, and may now have to buy the fact,” says Michael McCarthy at CMC Markets .

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