Currency of the week: GBP/USD: as politics get messy, reality could begin biting

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Summary

The fall of cable is not solely the outcome of the hawkish Fed. The back and forth on the Brexit Bill as well as some worrying signs about consumption. Is the weak pound taking its toll? If so, we are seeing a vicious cycle. After explaining the reasons for the fall, we move to discussing the next big events and the charts.

Watch full analysis: Europe Market Open: Dollar dominates - but are markets getting ahead of themselves?

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