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Gilts and GBP

CROSS ASSET
  • Gilts on the move, looking to close the opening gap, up to 127.66, now at 127.60.
  • GBP is also coming under pressure, but no clear driver on the latest leg lower.
  • GBP at session low versus USD, EUR, JPY and underperforming against most majors.
  • Closest MNI tech comes in EURGBP, with next resistance at 0.8649 50-day EMA

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