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GBP/USD double failure ahead of 1.2825 sends Pound lower into the European close
The GBP/USD tried and failed a couple of times today to get past 1.2825 and once it took out the prior intraday low at 1.2796, following the second failure, it has dropped a bit more, towards 1.2775. The move lower is not just about a slightly firmer dollar this afternoon, it is also about a slight move higher in the EUR/GBP. That is also undermining traction in the GBP/USD just now. The low seen so far has been set at 1.2780. It is currently trading on that low
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