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Flash: GBP/USD recovers off 1.50 test - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that for the second consecutive week, GBP/USD successfully tested the 1.50 level and recovered, the second time even more than the first.

Still, they write, “Sterling stalled at the 20-day moving average and the minimum retracement objective (~$1.5230). Sterling is likely to be sensitive to three PMI reports due next week. The last BOE meeting for Governor King is highly unlikely to see a change in stance.”

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

The shared currency is now easing to the area of 1.3010/15 after better mood in the risk appetite post Chinese manufacturing PMI has lifted the pair to session highs above 1.3030...
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France Markit Manufacturing PMI rises to 46.4 in May from 44.4 in Apr.

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