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Soft UK PMI data this week has kept........>

STERLING
STERLING: Soft UK PMI data this week has kept sterling on the defensive. Weak
construction and in particular  services, which fell to 50.2, is nearing
contraction territory as the fear of a Brexit no deal provides uncertainty for
markets.
- GBPUSD touched 2-week lows of $1.2557, key support is located at $1.2506 from
the Jun 18 low.
- EURGBP remains in bullish territory but has so far encountered strong
resistance ahead of the psychological Gbp0.90 level (Gbp0.8992 high).
- GBPJPY printed fresh 6-month lows of Y135.17, downside support seen on
approach to Y135.00.
- GBPCHF flirts around the Chf1.24 level with key long-term trendline support
drawn off Mar 2017 lows at Chf1.2325 holding firm, for now. 

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