Forex Market News

GBPINR Trading Range For The Day Ss 79.4-81.28

GBP remained under pressure as investors saw uncertainty surrounding the country’s departure from the European Union outweighing signs of economic resilience. Investors took the view that until either Britain or the EU shows evidence of softening their negotiating stances, Brexit would be negative for the British economy. Speculators took their bets against the pound versus the dollar to record highs last month, although they have since trimmed those short positions.
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