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GBP Continues Grind Higher as EU Trade Deal Nears

FOREX

Cable the notable performer as the Christmas break approaches up 0.8% at 1.3600 with EURGBP down 0.74% at 0.8964. The markets are in wait-and-see mode as details are being finalised. Reports of an imminent press conference have not been confirmed by newswires. Some betting markets are now pricing a 2020 Trade Deal at 97% with this sentiment being echoed in GBP price action.


Elsewhere G10 ranges remain subdued with the USD index down 0.2%. Aussie and Kiwi are slightly better bid amid broad optimism for an EU-UK deal to be finalised.


Canada Building Permits will be released at 1330GMT but no other major data on the docket.

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