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HUNGARY

GDP Contracts 2.3% YoY In Q1

EURUSD TECHS

Resumes Its Upleg

SHORT-STERLING OPTIONS

Blue put fly trades again

EUR

EURGBP trades back towards 0.8600

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  • Cable trades back above 1.3900, more a function of GBP buying, as USD remains stable.
  • GBP test the session high against EUR, JPY and the USD.
  • MNI tech Resistance in Cable, is seen further out towards 1.3950 High Apr 22