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GBP/USD lifts above 1.2600 after US retail sales miss
The dollar has indeed taken a further hit now following the really rather disappointing US retail sales data. As noted in the previous update, the Pound and the Euro were rising suspiciously into this report. You can draw your own conclusions from that, but the inference here is clear. So, the GBP/USD and EUR/USD have both lifted to session highs following this news. The GBP/USD has vaulted the 1.2600 handle for the first time this year. The noted next potential resistance level was outlined here much earlier this morning, at 1.2607, from what was a previous high. Well, the high seen so far has been set at 1.2608. The Pound is right now at 1.2604
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US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
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