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Pound runs into sellers again after solid start

It was a good start to the week for GBP pairs but sellers lurking still 24 Oct

GBPUSD finally ran out of puff at the 1.2250 area which I had highlighted in the order board , helped by EURGBP demand below 0.8890.

We've found cable demand at 1.2225 in the dip since and now edging back up to 1.2233 with EURGBP capping into 0.8910.

Good two-way business to be had still but not going anywhere new in a hurry

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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