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The strip is under pressure

SHORT-STERLING
  • Not too clear on this decent selling and leg lower in the Sterling strip.
  • Over 5k just goes through in L U2.
  • Andrew Bailey was hawkish yesterday afternoon, but the comments hit while markets were open, would be a peculiar delayed market reaction.
  • LU2 support is at the August low 99.465, which is also the lowest level since March 2020

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