Forex Market News

Sterling Pound Traded Higher

Sterling pound traded higher by 0.29 percent yesterday as the pro single market stance from Labor leader Jeremy Corbyn has infused optimism and hopes in the market with respect to Britain having single market access during the terms of Brexit negotiation.
However, sharp gains were restricted as markets are still confused with the plans of UK PM Theresa May who hinted at sacrificing Europe’s single market access for curbing immigration problem. Due to all the above factors along with DX weakness, GBPINR will trade higher in today’s trading session.
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