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Thomson Reuters
Jul 26 - 06:12 AM
GBP/USD - Profit Taking Early London: Brexit Talks To Resume
First appeared on eFXplus on Jul 26 - 04:45 AM
  • Run to 1.3213 one-week high on broad USD weakness
  • Market backs off early London with profit taking touted
  • Some natural strength in the pound as UK PM May takes control of Brexit
  • Keep an eye on German input: pushing for concessions, including land borders
  • Not convinced all plain sailing from here despite May's personal control
  • GBP/USD sticky technically at 1.32+ and risk of a slow grind lower today

GBP/USD Hourly Chart: Click here

Source:
Thomson Reuters IFR Markets

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