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GBP/USD approaches daily lows after US data

FXStreet (Córdoba) - GBP/USD fell from 1.6060 to 1.6030 after the release of inflation data in the US, that triggered a USD rally in the currency market.

The pair was recovering, after bottoming affected by BoE minutes at 1.6010; the upside was capped by 1.6065 and turned back to the downside following the US CPI that showed an increase of 0.1% in September.

GBP down vs US, but up versus EUR and CHF

Despite falling against the US dollar after inflation numbers, the pound beneficiated against other currencies. EUR/GBP fell back below 0.7900 and GBP/CHF rebounded sharply.

While GBP/USD still remains above daily lows, EUR/USD is trading at fresh 1-week lows, USD/JPY soared to 107.30 from 107.00.

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