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UK Pound selling pressure continue Brexit fears

The GBP/USD pair is prolonging its downside to levels last traded in March 2009 below the 1.3900 handle, following an increasing selling interest around GBP along with a better bid tone in the US dollar.
Data wise in the UK and apart from ‘Brexit’ concerns, Mortgage Approvals tracked by BBA has come in above estimates at 47.5K during January. In the US calendar, New Home Sales and speeches by Fed’s Bullard and Kaplan are expected later.

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