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GBP has traded in resolute fashion this....>

STERLING
STERLING: GBP has traded in resolute fashion this week, heading in to next
week's BoE MonPol decision & crunch Brexit talks with the EU. The monthly deluge
of UK inflation data, retail sales & the latest labour market report adds to the
list of risk events next week.
- GBPUSD last trades at 1.3930, after multiple failures ahead of 1.4000 this
week. 1.3996 represents an area of interest in front of the figure. While 1.4010
is being identified as a buy level by some, if of course the pair manages to
break through 1.4000. To the downside, 1.3914 represents the 38.2% retracement
of the move from 1.3782 to 1.3996.
- EURGBP trades at 0.8835. If EURGBP continues to leg lower then focus may move
to 0.8779/72, the Feb 28 & 26 lows.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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