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Paring some gains

GBP
  • Couple of levels have held in the Pound, after initially seeing some buying interest into and post European Cash Govie open, the 1.3200 level in Cable has held in early trades.
  • For the EURGBP, market participants have been fading off that 0.8400 level so far, but the initial big downside target is still at 0.8383, the July low, but also the lowest printed level since (04/08/22).

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