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Flash: GBP/USD finds headwinds against resurgent USD – Investec

FXstreet.com (Barcelona) - Sterling seems to be struggling this morning despite the GBP/USD closing higher yesterday evening – the dollar still appears to want to grind higher against the rest of its G10 rivals but encouragingly GBP/USD has found a bit of a range around 1.52/1.53.

We did see some volatility yesterday with the market reacting to US Federal Reserve speakers. In particular usually dovish San Francisco member Williams’ made some decidedly undovelike comments calling for a slowdown in QE purchases starting from this the summer and a complete halt by the end of the year, this followed other hawkish statements from Fed’s Fisher, Plosser and Lacker earlier in the day. According to Lee McDarby, Corporate Treasury at Investec, “The GBP/EUR would appear very comfortable in its 1.18 home for the time being.”

Flash: What does the GBP/USD have to offer? – Commerzbank and UBS

The sterling has been following its European counterpart these last sessions, remaining subdued amidst the ongoing USD rally which saw the cross falling from highs around the 1.5600 handle in early May to...
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USD/JPY pares gains to trade at 102.32/32

The recently shining USD/JPY found itself in a quagmire Friday, having been stonewalled at the 102.65 level (session high) during European trading to settle at 102.31/32 presently.
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