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Cable test a new intraday low

GBP
  • The Pound remains on the back foot in early trade, following the UK data miss.
  • GBP is mainly in the red versus G10, although still holding onto small gains against the NOK, up 0.25%.
  • Support in Cable moves up to 1.2219 initially.
  • EURGBP resistance is at 0.8592 High Jun 9.

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