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Worst performer against the USD in G10

GBP
  • A 134 pips range for Cable now, and the Pound has overtaken the NOK, as the worst performing currency against the Dollar in G10.
  • Not much in term of support in Cable at current levels, most would likely look at 1.2300 next.
  • Next resistance in EURGBP would come at 0.8534 (16th May high).

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