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GBP/USD backing away from 1.5490 cloud top

  • Cable backing away from 1.5490 cloud top despite hawkish BoE rhetoric but 

  • Pair has scope to test the mid-1.52s in the near term

  • GBP/USD failed at 1.5475 last session and has an easier bias today

  • 1.5481 = 23.6% 1.7192-1.4952, July/Jan fall, and the cloud just above

  • Market Data
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