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Trades on the backfoot

GBP
  • Few pips lower for the Pound, but moves remains fairly limited in low turnovers, following the 1 tenth miss for the UK CPI.
  • EURGBP sees resistance at 0.8475 High May 17.
  • The pair has also found support at the 0.8400 area, not broken in the past 10 session, albeit did print 0.83933 low yesterday.

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