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GBP/USD falls to session lows after rejecting another attempt to rise above 1.2250
Earlier this morning the dollar lost some more ground and that helped the EUR/USD to push above 1.0270 once more. At the same time that interim dollar relapse helped the GBP/USD push towards 1.2250 again too. The Pound reached 1.2246, but as you can see, it has now rejected the move and fallen back underneath the 1.22 handle again. The low seen has just been set at 1.2181, which is a new session low. The reason behind this second topside failure since yesterday seems to rest with a corresponding rebound in the EUR/GBP. UK bond (Gilt) yields are not much changed from earlier but slightly lower for choice right now. The GBP/USD is currently trading at 1.2184
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