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GBP/USD Fails to Hold Post-JOLTs Rally

  • The dollar's post-JOLTs release dip has begun to reverse, most notably against GBP/USD, which has reversed almost the entirety of the data spike higher.
  • Yields, gold and equities, however, are holding course - retaining the bulk of the post-data move higher in Treasuries and equity indices.
  • GBP/USD's inability to hold the rally again refocuses attention on the bear trigger at 1.2548. Weakness through here sees prices at the lowest levels since mid-June.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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