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Sterling under renewed selling pressure....>

STERLING
STERLING: Sterling under renewed selling pressure has seen GBPUSD drift to the
$1.2870/75 area keeping the bearish tone intact. Key support remains at
$1.2842/39 (Intraday low, Falling support May29). EURGBP reclaims Gbp0.9000 and
will need to break and hold above ascending channel resistance at Gbp0.9018 for
the next leg higher. 

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