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Aug 06 - 03:48 PM
GBP/USD - Gets Slight Boost As China Trade Tensions Abate
First appeared on eFXplus on Aug 06 - 01:40 PM
  • GBP/USD ends NY 1.2155 +0.12%, NorAm range 1.2206-1.2143
  • Pair dipped off session highs into Lon close as no-deal Brexit fears linger
  • Focus on China's yuan allows sterling a mini-rally
  • Support holds by 1.2080, bulls need a rise abv 10-DMA minor Fib by 1.2245
  • EUR/GBP -0.1% at 0.9216, China trade fears abate sees EUR longs unwind

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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