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Pressure via EURUSD took GBPUSD on to.........>

CABLE
CABLE: Pressure via EURUSD took GBPUSD on to extended lows of $1.3205 in the
European morning. Rate has since recovered to largely hold $1.3230-50 at the NY
crossover, however still retains an underlying heavy tone. GBPUSD is currently
showing losses of 3.75% in May and is on course for the biggest monthly falls
since June 2016 (-8.09%). The seasonal trend looks almost certain to continue
with losses in May for the 9th straight year, the pair is also set to register
its first quarter of losses (-5.47%) since Q4 16.  

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