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GBP/USD holding at 1.5200

The GBP/USD was trading in the heights of 1.5241 (session high) earlier today during European trading, before waning back towards the 1.5200 level following the release of data in the UK.
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Flash: Stability in Japan helps the dollar as the IMF lends support - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubshi UFJ notes that after dollar gains of 3.5% - on a DXY basis – between 1st May and 22nd May, it was inevitable that the dollar would undergo some form of correction.
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