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GBP: Cable Bounces as Volume Blip Prompts Recovery Off Lows

GBP
  • Better volumes crossing in GBP futures in recent trade, helping GBP/USD recover off the pullback lows. Around 1,000 contracts change hands inside 60 seconds at 1113BST. No headlines or newsflow to drive the move - in what's likely pre-BoE market positioning and market gyrations as activity thins out.

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