{"id":140798,"date":"2019-01-30T07:20:53","date_gmt":"2019-01-30T12:20:53","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140798"},"modified":"2019-01-30T06:34:41","modified_gmt":"2019-01-30T11:34:41","slug":"pound-sinks-after-mps-reject-extension-to-article-50","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/pound-sinks-after-mps-reject-extension-to-article-50\/","title":{"rendered":"Pound sinks after MPs reject extension to Article 50"},"content":{"rendered":"<div id=\"inves-565708214\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 30, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/strong><\/p>\n<div class=\"article-body\">\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>Buying sentiment towards the British Pound sharply deteriorated this evening after parliament rejected the Cooper amendment. This amendment was seen ruling out a no-deal Brexit by giving the government an opportunity to extend the official deadline if no deal was reached. Concerns over a no-deal outcome possibly materializing encouraged investors to offload the British Pound. Although the Spelman amendment was passed, this did little to help the Pound based on the fact that it was not legally binding. While the house also passed the Brady amendment which entails replacing the Irish backstock with unspecified \u201calternative arrangements\u201d, the EU has stated that Withdrawal Agreement is &#8216;not open for re-negotiation&#8217;. Sterling is likely to trend lower in the near term as investors digest the outcome of this evening\u2019s parliamentary vote. In regards to the technical picture, the GBPUSD is seen testing 1.3000 if a daily close below 1.3070 is achieved.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<\/div>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"https:\/\/www.countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Buying sentiment towards the British Pound sharply deteriorated this evening after parliament rejected the Cooper amendment. This amendment was seen ruling out a no-deal Brexit by giving the government an opportunity to extend the official deadline if no deal was reached. Concerns over a no-deal outcome possibly materializing encouraged investors to offload [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-140798","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=140798"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140798\/revisions"}],"predecessor-version":[{"id":140808,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140798\/revisions\/140808"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}