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GBP has shown some resilience today,.......>

STERLING
STERLING: GBP has shown some resilience today, keeping pace with the stronger
USD. The USD is up against all the other majors, and most emerging market
currencies on the day. However, the pause in the GBPUSD down trend could prove
temporary, with a resumption of the decline once UK investors return from the
long weekend. GBPUSD achieved the first close below the 200-dma in over a year
on Friday, which is likely to trigger bearish signals for longer term investors.
The holiday shortened week is packed with risk events, from housing, consumer,
manufacturing and construction data, ahead of the the BoE meeting.  

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