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Selling continuation in the Pound


Pound continues to struggle today, although we are just testing yesterday's low in Cable at 1.3886.

  • Speaking to desks, there hasn't been any new obvious catalyst or fundamentals behind this pullback lower.
  • Further downside traction would open towards 1.3847 next.
  • Some spillovers going through versus the EUR and JPY, now at their best level of the session

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