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Dollar rebound delivers technically negative close for the GBP/USD

Yesterday the jump in the US dollar pushed the GBP/USD further below its 200 day moving average. That moving average was at 1.2589 and the Pound fell to a low at 1.2450, before later closing in the US at 1.2552. That was the first time the GBP/USD has closed below its 200 day moving average since February 5. It has not managed to launch any kind of rebound so far today and remains under that continued dollar pressure. That 200 day moving average is still edging lower and in place this morning at 1.2588. The range seen so far today has been covered by 1.2541 to 1.2559. The Pound is right now trading at 1.2543

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