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GBP/USD claws its way to new 2025 high
The further fall in the dollar subsequent to the release of the benign US PPI report did help the Pound to vault the 1.36 handle again and it did eventually manage to take out the prior 2025 high, at 1.3616. However, not by very much yet. That said, the EUR/GBP is now paring gains and that is allowing the GBP/USD to remain relatively elevated, even as the EUR/USD comes slightly off the boil. The high seen on the GBP/USD now today has been set at 1.3619- a new 2025 high. As to whether it can advance further remains to be seen and as just noted, it will hinge on the EUR/USD or the EUR/GBP, or perhaps a combination of the two. The GBP/USD is right now at 1.3615
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