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GBP/USD upside correction over now?
As the EUR/USD has fallen to session lows this afternoon, approaching the 1.0450 mark, it has carried the GBP/USD lower with it. In fact more recently the GBP/USD has outpaced the EUR/USD on the downside. Now given the price action in the Euro versus the dollar and the current geopolitical situation in France that is a little surprising. So, the EUR/GBP is well off its earlier lows and that has forced the GBP/USD to a low so far, at 1.2625. The question now- has the rebound to 1.2750 last week reached the zenith of its correction? Well, that is possible, but even with this latest relapse, not at all certain yet. The Pound sure is not getting much assistance from Europe right now, as the dollar finds its feet at the start of the new month. The GBP/USD is currently trading at 1.2628
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