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In the red across the majors

GBP
  • No surprises in seeing the Pound in the red across the majors , as Inflation continues to fall and the country enters a technical recession.
  • The Yen is the best performer, up 0.40%, with the latter also the best early performer against the Greenback overnight and in early trades.
  • GBPJPY targets next support at 187.86, this week's low.
  • EURGBP gains further ground after falling to its lowest level since August pre UK CPI Yesterday.
  • The pair now eye a test to 0.85721 the February high.

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