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Key events that lead into GBP today - Investec

FXStreet (Guatemala) - Jonathan Pryor, Corporate Treasury Analyst at Investec noted the activity from yesterday for the set up in todays forex space around the pound.

Key Quotes:

"UK Service PMIs softened yesterday morning and consequently the Pound weakened against major currencies. The slowdown in the Service Sector is a further indication that growth has likely slowed more heading into year end."

"The official figure was 56.2 from 58.7 in September,this is a 17 month low. The Pound fell through 1.5900 after the release although hit support around 1.5875 before the market took profits and retraced above 1.5900."

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