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GBP/USD sets first weekly close above 1.32 since March 2022
As noted here on Friday, the GBP/USD rose above 1.32 for the first time in more than 2 years. The last time the Pound was above the 1.32 handle was way back in March 2022. The GBP/USD peaked back then at 1.3298 on March 23, 2022. That could be the next level of note on the topside from here, given the close at 1.3214 on Friday cannot be described as anything other than positive. The range seen during the Asian session today has been covered by 1.3179 to 1.3223. The Pound has just backed away from that high leading into the European opening today and it is important to note; that all the London markets are closed today for the August Bank holiday. The GBP/USD is currently trading at 1.3200
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