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NZD/GBP downtrend intact – Westpac

In view of Imre Speizer, Research Analyst at Westpac, NZD/GBP remains vulnerable to retesting the recent low at 0.5145.

Key Quotes

“The GBP has been supported by expectations the UK and EU are close to an agreement on the Brexit fee.”

3 months ahead: Medium term direction depends largely on whether the uncertainty from Brexit eventually causes a slowdown in activity. If not, then NZD/GBP could test 0.50.”

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