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The fall in the GBP/USD was not helped yesterday by the US comments on trade with China and it was also not helped by the resultant fall back in the EUR/USD and push back above 143 in the USD/JPY, notwithstanding a corresponding rise in the GBP/JPY. So, the Pound fell back to test 1.3250 just as the European markets drew to a close. A later attempt to push below that level came as the US equity markets drew to a close. However, as with the EUR/USD, the GBP/USD seemed to find a platform base, at 1.3250 and later closed in the US at 1.3254. The low seen earlier today was set 1.3253 and it has pushed higher this morning. The GBP/USD just now lifted above 1.33 and of course that move has been helped by a further rebound in the EUR/USD. So, it approximate terms we have the lines of demarcation now at 1.3250 and 1.3434. To be honest it can do whatever it likes whilst inside that without shifting the dial. The high seen so far just now was set at 1.3303. It is currently trading at 1.3302
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