GBP/USD: Sterling slumped from a 9-month peak recorded yesterday as investors remained in a cautious mood ahead of another crucial vote to extend the Brexit deadline later in the day. On Wednesday, British lawmakers voted against a potentially disorderly no-deal departure from the European Union that sent the pair over the 1.3300 handle. The major traded 0.7 percent down at 1.3231, having hit a high of 1.3380 on Wednesday; it’s highest since June 14. Immediate resistance is located at 1.3380 (Mar. 13 High), a break above could take it near 1.3446 (June 14 High). On the downside, support is seen at 1.3166 (Mar. 4 Low), a break below targets 1.3097 (Mar. 5 Low). Against the euro, the pound was trading 0.6 percent down at 85.44 pence, having hit a high of 84.71 on Wednesday, it’s highest since May 2017.
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