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GBP/USD trims losses, still below 1.5700

FXStreet (Córdoba) - Cable trimmed losses and rose more than 50 pips from daily lows amid a weak US dollar, but is still headed to the fourth weekly loss in a row.

GBP/USD back above 1.5600

The pair bottomed at 1.5590 after retail sales data from the US, hitting the lowest price since September 2013, and then rebounded. During the American session peaked at 1.5686, still below today’s opening price. Currently trades at 1.5664/66, 35 pips below yesterday's close and 200 pips under the price it had a week ago.

The recovery from the lwos was boosted by a decline of the US dollar across the board on Friday during the US session. The pound is among the worst performers of the day and also for the week, affected by the Bank of England’s Inflation Report.

GBP/JPY forming a base on the week’s business

GBP/JPY is trading at 182.15, up 0.15% on the day, having posted a daily high at 182.67 and low at 181.60.
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AUD/USD seeking a positive close

AUD/USD is trading at 0.8746, up 0.35% on the day, having posted a daily high at 0.8774 and low at 0.8648.
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