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GB/USD declines as dollar picks up some pace

FXStreet (London) - GBP/USD has declined through the session as the dollar gains some momentum after earlier consolidation from the dollar.

USD struggling for momentum

USD has been range-bound in recent trading. We heard some hawkish comments from Kansas Fed Esther George yesterday, but as a non-voting FOMC member, her comments failed to create many waves. Instead more attention is likely to be paid to Chicago Fed chairman Charles Evans and new Cleveland Fed President Loretta Mester when they speak today.

GBP/USD is currently trading at USD1.6360, declining 0.2 percent on the session after earlier gains to USD1.6415.

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