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Will Pound Hit 1.60 or 1.70 First?

posted by Avatar fx360 1418 days ago in USD, EUR, GBP

Risk flows dominated trade in Asian and early European sessions today with pound hitting a new yearly high at 1.6746 on better consumer confidence and housing data, but the rally in cable quickly ran out of steam after much worse than expected Current Account data and downward revisions to GDP forced the unit back to the 1.6600 level.
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