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The Pound broke above 1.30 despite no-deal Brexit uncertainty and COVID-19 woes – GBP/USD Market Outlook – 12/10/2020

SquaredFinancial

The Pound breaks above the psychological resistance 1.30 disregarding the fears of a no-deal Brexit and COVID-19 woes. Neither the EU nor the UK wishes to step back on any of their strong points and yet want a successful Brexit, keeping in mind that the proclaimed deadline of October 15 is just around the corner. As a result, traders will look forward to hearing from BOE Governor Andrew Bailey and UK PM Boris Johnson for fresh momentum amid the US holiday.

Support: 1.30/ 1.2950
Resistance: 1.3060/ 1.31

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/the-pound-broke-above-1-30-despite-no-deal-brexit-uncertainty-and-covid-19-woes-gbp-usd-market-outlook-12-10-2020
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