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GBP/USD falls towards 1.27 as GBP/JPY slides below 190
The Pound is under pressure from all sides this morning. The haven status of the dollar outside of the CHF and the Yen is forcing the GBP/USD lower. It is also under pressure from a further rise in the EUR/GBP, as that lifts closer to the 0.8500 handle. However, what is hurting the most right now is the further slide in the GBP/JPY that is now approaching a loss of 2000 pips below the highs seen just last month, as it dumps below 190 this morning and close to 189 right now. Hence, the GBP/USD is pretty friendless at this point, as the Pound continues to suffer the fallout from the BOE rate cut yesterday. The GBP/USD is just now trading at 1.2710
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