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  • $GBPUSD at the moment break-even straddles = 152pips meaning that for option traders to realize gains, the spot price must see a move greater than 152pips. Get your market update from @JMcQueenFX here: https://t.co/odj2lLRrGf https://t.co/RXCBwHGluG
  • $EURGBP has fallen over 6% since August and is now rapidly approaching a critical support level not reached since May. Will a break below accelerate the aggressive selloff? Find out from @ZabelinDimitri here: https://t.co/CBM8Fg7vM0 https://t.co/0yDnEpzQqR
  • The #Euro is struggling for direction against the US Dollar but the near-term downtrend guiding it lower since late June remains firmly intact. Where is $EURUSD heading? Get your technical analysis from @IlyaSpivak here: https://t.co/us6AINmuoe https://t.co/J4hQtyprYf
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  • The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever. Get your market update from @DavidCottleFX here:https://t.co/xTKHOvrIqg https://t.co/vtHhdnF82Q
  • How can confidence in trading help with avoiding #FOMOintrading? Find out from @WVenketas here: https://t.co/MY7j9ISn4S https://t.co/n7XwfiDZz2
  • The week saw a slightly more dovish than expected RBA minutes increase the importance of the latest labour market report, which showed an uptick in the unemployment rate to 5.3%. Where is $AUDUSD heading? Find out from @JMcQueenFX here: https://t.co/odj2lLRrGf https://t.co/gmGjlGBvjv
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  • #Silver’s recent bull run may have run its course in the short-term with the sharp sell-off from the September 4 high print at $19.66/oz.Where is Silver heading? Get your market update from @nickcawley1 here: https://t.co/oVAZ4wPR7z https://t.co/1LvLXmqnwx
Brexit Roundtable Webinar: Outlook for GBP and London Stocks

Brexit Roundtable Webinar: Outlook for GBP and London Stocks

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Brexit news, GBP and FTSE prices and analysis:

  • GBP and London stock prices are holding up well despite the rejection by the Westminster Parliament of UK Prime Minister Theresa May’s Brexit plan.
  • In this roundtable webinar, DailyFX analysts Martin Essex, Nick Cawley and Justin McQueen discuss the outlook for GBP and the FTSE indexes after her overwhelming defeat.

GBP and FTSE shrug off Brexit defeat for UK government

The British Pound and London stock prices are holding their ground after the overwhelming rejection by the British Parliament of UK Prime Minister Theresa May’s Brexit plan and ahead of a vote of no-confidence in her government that she is likely to win.

GBPUSD Price Chart, Daily Timeframe (August 8, 2018 – January 16, 2019)

Latest GBPUSD price chart.

Chart by IG (You can click on it for a larger image)

In this roundtable webinar, UK-based DailyFX analysts Martin Essex, Nick Cawley and Justin McQueen discuss the outlook for GBPUSD and the Sterling crosses, the FTSE 100 index of leading London-listed stocks and the FTSE 250 index of mid-sized company shares.

More to read:

GBPUSD Price: On the Way Up as Chances Rise of a Brexit Extension

Sterling (GBP) Price: Brexit Vote Impact on GBPUSD and EURGBP

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--- Written by Martin Essex, Nick Cawley and Justin McQueen

Feel free to contact us via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

provides forex news and technical analysis on the trends that influence the global currency markets.

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