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September, 13 - GBP/USD broke out to the highest point in 2 months!

What currency has done pretty well for itself this week? Very unexpectedly, but it is pound. That’s right. The currency and that economy that was on our minds for all the wrong reasons for the last several weeks has magically recovered and is really showing the signs of growth this week and today especially. But what became the reason for this development and such a spike?

 

gbpusd 13.09.2019

 

Well, as we can see the GBP has indeed climbed against the dollar this week. and all we can say is gasp – the growth is due to the same thing that has been dropping it all the previous times – Brexit. Today the pound rose on the news that after all, there is hope for the Great Britain to leave the EU on the positive note and with the deal. This time both sides – EU and GB are ready to talk and really make decisions for the future of the border with Ireland. And because this particular question has always been the conflict starter between the two parts of the divorce process, this can mean that Brexit still has the possibility to go over smoothly.

 

It is no wonder that GBP/USD chart rose to the highest point in 2 months, when there is such good news!

 

Have you caught the breakout using our trading signals?

 

 

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