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GBP Rallies Sharply on "Cautiously Optimistic" Mood in Whitehall

STERLING

Tweets from FT's Sebastian Payne (See bullet at 1217BST) send GBP higher, with GBP/USD rallying back above $1.29 and narrowing the gap with the overnight high at $1.2950. A break above here opens 1.2984 resistance, which marks the 38.2% retracement of the Sep 1 - 23 sell-off.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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