With Brexit well underway and with everything more or less decided, there is not much uncertainty left in the markets. The question now is: Has the GBP bottomed out and is it set for a rebound? 

GBP/USD was little changed this morning but up 0.9% so far this week as solid UK data prompted market participants to wind back expectations of a rate cut by the Bank of England at its policy meeting next week. 

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The Pound has not shown significant weakness further and the market might break higher again. Resistance at 1.3100 has been broken and the break of 1.3150 resistance could spark a move towards the 1.3330 level.

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