FX: EU Agrees To Extend Brexit Deadline


*No-deal Brexit threat is off the table--at least for now
*Consolidation ahead for Sterling 



Fundamental Analysis 
The EU has agreed to Brexit extension and the decision was as expected. This is the reason that we have not seen any major movement in Sterling. The market is really looking at the General Election and the outcome of that is going to bring the volatility back for the currency. Until then, Sterling could be one of the boring currency to trade from a volatility perspective.

Technical Analysis 

 



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