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GBP/USD near session lows as UK Q1 GDP revision looms
The final revision to UK Q1 GDP is shortly to be released, at 6am GMT. The markets are not expecting any change in the previous reading of +0.6%. However, if there is a change then the Pound will probably react given the proximity of the UK election, now less than a week away, despite the latency of this data. The GBP/USD has traded a range so far today covered by 1.2622 to 1.2647. The Pound closed in the US last night at 1.2639. There will be more to add here after the GDP data is released. The GBP/USD is currently trading at 1.2631
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