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- The GBP / JPY is currently down 100 pips from yesterday's high of 148.73, a level last reached in mid-November.
- The pound sterling was lifted on Wednesday after UK lawmakers refused to leave the European Union without a withdrawal agreement.
The GBP / JPY is currently trading at 147.75, after peaking at four months at 148.73 yesterday.
Sterling won a strong offer on Wednesday after UK lawmakers pbaded a bill to prevent the UK from leaving the EU without an agreement. Parliament must decide today on the advisability of extending the date of divorce.
With most members of Parliament wanting to avoid economic uncertainty, data on divorce could be expanded. As a result, the GBP / JPY could begin to recover from lost ground before the key vote, after ignoring the publication of weak data in Asia.
The balance of real estate prices in the UK fell to -28% in February, its lowest level since May 2011, according to the RICS survey of the UK residential market. GBP / JPY, however, barely budged in response to dismal data release
Technical levels
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