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Uk: Parliament Must Vote on Brexit

Good Evening;

UK Supreme court ruled that the government of Prime Minister May must seek Parliamentary approval before triggering Article 50 but cable saw little reaction to what was widely anticipated ruling as the pair briefly dipped but then returned to trade above the 1.2500 level.

The UK Supreme court ruling involved two key points for the market. One was the Parliamentary approval issue, but given the 100 seat majority position of the Conservative, the approval appears to be a mere forma…
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Cable Time.

Morning;
UK GDP data disappointed the market coming in at just 0.3% growth versus 0.5% eyed and pushed the pair below the 1.5200 level in morning London dealing before it stabilized and rebounded somewhat.The preliminary GDP reading was disappointing on almost all levels with services output expanding only 0.5% vs. 0.9% eyed and Industrial production contracting by -0.1% vs. 0.2% forecast. This was the weakest reading since Q4 of 2012 and likely reflects the general global slowdown in economic a…
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