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GBP/USD slides continues in Asian trading

On Friday the jump in the dollar following the better than forecast US December jobs report, sent the GBP/USD to its lowest level of this year and last. The GBP/USD fell below the 1.22 handle and later posted a US close at 1.2207. It has fallen further today, hitting a session low not that long ago, at 1.2126. The further falls come as the EUR/USD also falls to its lowest level since late 2022. However, it is the Pound that has underperformed the most versus the dollar this morning, where the Yen has been the strongest. Hence the GBP/JPY is lower and the EUR/GBP is higher. The further falls in the GBP/USD this morning add further pressure onto the BOE ahead of some very important UK inflation data, due out at 7am GMT on Wednesday. The GBP/USD is off the lows right now, currently edging higher. The GBP/USD is trading right now at 1.2148

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