Wednesday, December 11, 2019

GBPINR : Fundamental View : 12.12.2019

GBPINR : Fundamental View : 12.12.2019

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* GBP increased against USD by 0.3 percent yesterday while GBPINR depreciated by 0.16 percent.

* UK braces for critical election called to break Brexit deadlock today on 12th Dec’19. Boris Johnson has promised a right-wing Conservative government would "get Brexit done" and take the UK
out of the EU by the end of January 2020 with his withdrawal agreement. Meanwhile, Corbyn has said he would broker a softer divorce deal than Johnson's and put a revised withdrawal
agreement to a referendum, alongside the option to remain, within six months.

* GBPINR is expected to move sideways in today’s session