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British pound soars on Brexit optimism

British pound is the strongest among major currencies once again as investors do hope that a Brexit date will be eventually delayed. The UK government released a report saying that border checks will cost business 13 billion pounds a year and that companies are not prepared for hard Brexit but PM May promised the Parliament a vote on extension of negotiations if her deal is rejected again. GBPUSD smashed the resistance zone around 1.3250 and trades at the highest level since July.  

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Morning wrap (26.10.2021)