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GBP edges towards 1.2550 as BOE talks tough

The group of UK central bankers now addressing the Treasury Select Committee (TSE) has pretty much delivered what was expected here and noted earlier. They are all taking a tough line on inflation and UK monetary policy. That was sort of baked  into the cake, but the Pound has lifted all the same. The GBP/USD is pushing to session highs right now, above 1.2540 and it could extend on the current move too, but that could also depend in the EUR/GBP continuing to track lower and not rebound front the current levels. The GBP/USD is just now trading at 1.2541

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