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GBP/USD trades below 1.24 again after better than expected US Empire data

A whole bunch of US import and export data has just been released along with the more important US Empire manufacturing index, covering the greater New York region. That index was expected to have improved to -10 from a prior reading of -19. The index has actually beaten forecasts by rising back into positive territory. The index actually rose by 1.9. The reaction in the markets to that has seen the dollar rise. The GBP/USD was already falling back from its earlier session highs and had previously just dipped below the 1.24 handle. It has just done that again following this data release. The low so far being set at 1.2399

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