Excerpt from today’s Daily commentary:

UK Prime Minster Theresa May looks set to take the UK to a potential cliff-edge next Friday, as she officially requested a short extension of the Article 50 exit process until June 30… The morning trade saw UK investors keep the local currency ‘bid’ as the latest Inflation report beat expectations (1.9% vs 1.8%)… Price action saw GBPEUR regain the 1.1650 handle before a change in Brexit sentiment saw the local currency drop into the 1.1500s in the afternoon session.

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