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It's an understatement to say that GBP has....>

FOREX
FOREX: It's an understatement to say that GBP has had a volatile week: after
being the poorest performing currency in G10 this week, it now sits at the top
of the FX pile ahead of the results of a vote of confidence in the Prime
Minister from her own Conservative party. Results are due at around 2100GMT and
are expected to show a win for the PM, but markets may be sensitive about the
margin of victory as a near-miss could still be enough to topple her leadership.
GBP/USD rallied comfortably back through $1.26, but is yet to close the gap on
Monday's open of $1.2754.
-NZD's underperformance was underlined by spot slipping back below the 200-dma
at $0.6851, but markets need a close below this mark to confirm another leg
lower. Elsewhere, SEK trades weak as lower-than-expected CPI figures called the
Riksbank's policy plans into question: monthly inflation fell into negative
territory.
-Attention turns to the results of the UK confidence vote at 2100GMT ahead of
rate decisions from the SNB, Norges Bank and ECB Thursday.

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