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GBP/USD falling closer to next support level at 1.3070
The Pound is still suffering the fallout from the BOE governor comments earlier this morning. The GBP/USD is now close to the 1.3100 handle and the EUR/GBP is still pressing higher, closer to 0.8425 in recent trading. Even the GBP/JPY has suffered quite a hit, from earlier session highs above 195. That is now dropping back close to 192.25. The GBP/USD is now not far away from the next potential support level. That is the 50 day moving average and it is in place right now at 1.3070 and that has defined the base for the Pound ever since busting above that level back August 13. The GBP/USD is currently trading at 1.3113
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