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A new session high for Cable

GBP
  • The British Pound takes another leg higher against the Dollar, UK politic was the earlier driver, but now helped the weaker US Data overall.
  • GBPUSD is now up 0.40%, with small resistance seen at 128.17, although most market participants will look further out, up to 1.2860 for better resistance.
  • This was the June high and the highest printed level since 11th March.

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