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GBP/USD eyes 1.30 as GBP/JPY gets hammered
The Pound is not faring too well now this afternoon. The GBP/USD has fallen very close to the 1.30 handle and that further drop comes as the USD/JPY falls by more than 100 pips from its earlier highs. The upshot of those moves has delivered a deeper fall for the GBP/JPY, is it continues to slump back towards the lows seen on August 5. The EUR/GBP is higher too, as the EUR/USD continues to resist a drop below the 1.10 handle. So, as you can see, right now the Pound is facing pressure from all sides. The GBP/USD might find buyers at 1.3000, as of course that is a major psychological level. The GBP/USD is currently trading at 1.3009
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