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Citi Wealth Insights

Defeat for PM May But Sterling Rebounds

Defeat for PM May But Sterling Rebounds

The UK Parliament hands PM May one of the worst ever defeat for a sitting UK government, rejecting her Withdrawal Bill by a margin of 230 (432 against and 202 for it). GBPUSD hits a low at 1.2670 on confirmation of the vote only to rebound to a close around 1.2870.
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All Eyes on UK Brexit Vote

All Eyes on UK Brexit Vote

UK MPs move to minimize chances of a “No Deal” Brexit ahead of tonight’s vote
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US Government Shutdown Sees No Sign of Resolution

President Trump says over the weekend that it’s too early to call for emergency measures yet to re-open the government
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Modest USD Rebound on Fed Comments

USD rebound on Fed Powell’s comments regarding the balance sheet
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USD Continues Sell-off Overnight

USD Continues Sell-off Overnight

USD sell off overnight with US shutdown, positive trade headlines and dovish Fed peak/ FOMC minutes the key drivers
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Further Escalation in US Political Tensions Add to Headwinds for USD

Further Escalation in US Political Tensions Add to Headwinds for USD

Political tensions within the US to continue to escalate with President Trump expected to hold a meeting with US Senators on the partial government shutdown tonight
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