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Some selling emerging

GBP
  • British Pound is coming under pressure, with broader base offers emerging versus the Dollar, EUR and JPY.
  • Have not seen a clear trigger, but some spillovers in Gilts are going through, with the contract at session high.
  • Closest tech for the Pound is in EURGBP, with immediate resistance at 0.8598 76.4% retracement of the Sep 29 - Oct 26 sell-off

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