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Pound Powers Through While Euro Lags

posted by Avatar fx360 1030 days ago in USD, EUR, Technical made popular 1030 days ago

Strong session in Asian stocks with Nikkei rising 1.8% and Shanghai 2.8% helped fuel risk appetite in high beta FX but the rise was uneven with pound clearly outperforming the euro as it rose to 1.6560 by early London trade while EUR/USD failed to hold the breakout above 1.4100 pressured by EUR/GBP flows. USD/JPY failed to move higher as 9550 -
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