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Rate Erases Day's Outperformance

GBPUSD

GBP edging lower in recent trade - GBP switching from being the strongest performer of the day to now slipping into negative territory vs the greenback.

  • GBP/USD bottoming out at 1.3677 with volumes in futures picking up slightly on the latest downtick.
  • Markets remain comfortably above the next support at 1.3610 - the Jan 26 low, keeping bullish conditions intact for now.

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