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GBP left behind as UK parliament expedites....>

FOREX
FOREX: GBP left behind as UK parliament expedites Brexit process
-After starting well across Asia and Europe, GBP/USD slipped in NY trading hours
as UK parliament communicated June 12th as the date for debate on amendments to
the EU withdrawal bill. The rate briefly slipped below the $1.33 handle, but
downside was limited and market is yet to test last Friday's low.
-AUD outperformed throughout NY hours, with Australian retail sales continuing
to support the pair ahead of the RBA rate decision overnight. AUD/USD remains on
track to close above the 50-dma for the first time since April.
-Generally positive equity markets helped risk across the board, leading the JPY
and CHF to be among the worst performers today. The moves come despite Trump
remaining firm on steel and aluminium tariffs while EU powers continue to seek a
climbdown before resorting to the WTO. USD/JPY remains below the Y110 level
which may provide key resistance ahead of the Y110.21 200-dma.
-The Asia-Pac session sees the RBA rate decision before Eurozone and UK services
PMIs and speeches from ECB's Nowotny, Weidmann and BoE's Cunliffe.

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