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Pound struggles this morning

GBP
  • Pound continues to struggle this morning, Energy price risks are still weighing, although a little surprise Gilts haven't been better bid.
  • Some of the recovery, and the risk on tone has put a lid on the UK Bond,
  • EURGBP is once again testing immediate resistance at 0.8595 High Sep 20 / 21. A break above the latter opens to 0.8614/18 High Sep 7 / 76.4% of the Jul 20 - Aug 10 sell-off

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