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The Pound extends gains

GBP
  • The British Pound extends gains, helped by the better than expected employment data, but also the broader base USD selling, with the latter at session low, against the EUR, NOK, SEK, AUD, CNY, CNH, THB, CHF, INR.
  • Next immediate resistance for Cable, comes at 1.2406 (9th May high).
  • NOK and the AUD remain the best performers in G10 vs the Greenback.

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