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GBP/USD accelerates losses beyond 1.5200

FXstreet.com (Barcelona) - The selling pressure in the risk-associated assets is intensifying on Friday, driving the pound to the area of 1.5170/75 and challenging previous lows around 1.5160.

The sterling would remain under pressure ahead of next week’s calendar in the UK, as many significant releases are due: consumer prices in April, public sector finances, BoE minutes, Q1 GDP and retail sales during April.

As of writing, the cross is losing 0.63% at 1.5174 with the next support at 1.5162 (low May 17) ahead of 1.5128 (61.85 of 1.4832-1.5607) and then 1.5034 (low Apr.4).
On the flip side, a breakout of 1.5282 (high May 17) would aim for 1.5323 (high May 16) and then 1.5331 (high May 14).

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