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GBP/USD steady as immediate range persists

Yesterday the GBP/USD was unable to hold an earlier session rise to a high at 1.2630. That failure was noted in an update here, as the Pound dipped back underneath 1.26. It later posted a synthetic US close at 1.2594 and it has not strayed too far outside of that close so far today. The range seen has been covered by 1.2580 to 1.2599. So, as you can see, the 1.26 handle has capped the topside so far. The slightly wider parameters, as outlined yesterday afternoon, remain broadly unchanged today, with levels at 1.2566 and 1.2648 still covering it. Eventually, it will break one-way or the other, but for now the price action remains as contained as it is uncertain going forward. The GBP/USD is currently trading at 1.2592 
 

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