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Analysts at Scotiabank explained that Sterling’s performance on the session reflects the softness seen in the majors versus the USD generally.
Key Quotes:
"UK data reports this week are limited (house prices and IP mainly) but the Halifax house price data reported earlier today was marginally stronger than expected (+0.3% m/m, for a 4.5% rise in the year, taking price appreciation back to the levels seen around the start of the year). The main focus for UK markets this week is the restart of Brexit discussions Thursday."