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Little more downside picking up here in....>

STERLING
STERLING: Little more downside picking up here in GBP, which hits fresh lows on
the day - again on little news with muted liquidity clearly pushing the price
around. GBP/USD now below the 50-dma for the first time since early October and
now lowest since Dec 2. Next support kicks in at the December low of $1.2896 and
the 38.2% Sept-December rally retracement at $1.2920.

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