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EUR/GBP slipping towards new 2024 lows as GBP/JPY makes further advances
As noted here earlier, the GBP/USD was garnering traction from gains in the GBP/JPY and fresh downside in the EUR/GBP. Well, since then the GBP/USD has advanced further and rebounded back above 1.2650. At the same time the Yen has weakened further versus the dollar and now lifted above the 157 handle. Hence, the GBP/JPY has now risen above 198.75 and that is more than 450 pips above the earlier session low. Meantime, the gains in the GBP/USD have also pushed the EUR/GBP down, close to the 2024 low set on December 11, when it based at 0.8225. The low seen so far has been set at 0.8228. It is currently trading at 0.8235
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