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Westpac: Scope For Substantial GBP Appreciation Unlikely

GBP

Westpac suggest that if a Brexit deal "does transpire on 24th December GBP is likely to make further gains. GBP/USD is likely to push into a $1.37-1.40 range but potential for a more substantial move towards $1.45 now seems unlikely as positioning exhaustion is so prevalent. Similarly, EUR/GBP is likely to slide below GBP0.90 towards GBP0.88 but scope for a shift to GBP0.85 also seems unlikely."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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