Technical Analysis: Bias Bearish - The pair remains capped below 200-DMA, recovery failed to break above - Momentum indicators bearish - RSI below 50 levels, biased lower - MACD well below zero levels and -ve DMI dominance
Fundamental Factors: Sterling stumbles on lower inflation. UK inflation came out at 2.4%, below 2.5% that had been expected. GBP undermined by speculation about a tougher Brexit coming after Tuesday's outcome of the Commons' vote over the Brexit bill.
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