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GBP Firms, Gilts Slip on Report of Brexit Progress

UK

GBP/USD recovered nicely from session lows to add around 50 pips in response to a Bloomberg report citing sources that the EU and UK negotiators have made decent progress this week toward resolving some of the biggest outstanding issues between the two parties. This may leave a deal as possible by early November if the differences can be bridged.

GBP/USD rallied to hit 1.3013 before fading slightly.

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