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  • US Fed’s hawkish surprise deepens USD/ZAR pullback. USD/ZAR technical set-ups and levels to watch. Get your market update from @RichardSnowFX here:https://t.co/rd8kXlUh8m https://t.co/jUyyT4x8hC
  • Continued $USD strength highlights major FX price action https://t.co/09pe1L3DpP
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.43% 🇬🇧GBP: -0.45% 🇳🇿NZD: -0.61% 🇪🇺EUR: -0.74% 🇦🇺AUD: -0.76% 🇨🇭CHF: -1.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/oUwSX3EgTk
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  • NY Fed on Juneteenth: - SIFMA not recommending a fixed income market close - US Dollar funding markets expected to be open
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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 82.70%, while traders in France 40 are at opposite extremes with 78.29%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cRMnz8qMMl
  • SEC: - We will be closed on Friday to observe Juneteenth - Exchanges make their own determinations on operation status - We understand major markets will operate with normal market hours
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.11% Germany 30: 0.10% FTSE 100: 0.06% US 500: -0.01% Wall Street: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/NfOTRstZCn
GBP Forecast 1Q-2020: Sterling Eyes New Brexit Deadline

GBP Forecast 1Q-2020: Sterling Eyes New Brexit Deadline

Justin McQueen, Analyst

The final quarter of the decade for the Pound has been its best, with the currency gaining 6.6% against the US Dollar. Q4 began with Boris Johnson reaching a Withdrawal Agreement with the EU before finishing the quarter with a larger than expected majority at the December 12th election, which saw the Conservative party have its best performance since Margaret Thatcher.

Brexit to Happen, but No-Deal Risks Linger

The final quarter of the decade for the Pound has been its best, with the currency gaining 6.6% against the US Dollar. Q4 began with Boris Johnson reaching a Withdrawal Agreement with the EU before finishing the quarter with a larger than expected majority at the December 12th election, which saw the Conservative party have its best performance since Margaret Thatcher.

Consequently, Brexit will happen by the end of January 2020. However, as we look to Q1 2020, with one resolution found, another challenge awaits when the UK enters the transition period, which is due to expire at the end of 2020.

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