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GBP/USD slides below 1.2600 after US jobs beat the street
There have been many reactions to the much better than expected US monthly jobs report and of course the dollar has been front and centre amongst those. The Pound got hit sharply on the news, sliding below 1.2600, to a low so far at 1.2583. That means it has once again dropped below its 200 day moving average (now at 1.2588). However, it looks like for now that level is a bit sticky. At the same time, given this really good data from the US, its doubtful whether the Pound can withstand another downturn as the afternoon unfolds. The GBP/USD is currently trading at 1.2594
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