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GBP/USD extends rally up to 2-week highs

FXStreet (Córdoba) - Pound continues to push higher versus a weaker US dollar, with GBP/USD climbing to fresh 2-week highs during the New York session.

GBP/USD broke above post-ECB highs and stretched to a peak of 1.5178 so far, with the pair holding at highs and aiming to retest the 1.52 area. At time of writing, the pair is trading at 1.5173, recording a 1.11% daily gain following three consecutive losses.

GBP/USD technical levels

In terms of technical levels, next resistances are seen at 1.5195/1.5200 (Nov 23 high/psychological level) and 1.5235 (50-day SMA). On the other hand, supports could be found at 1.5000 (psychological level/intraday low), 1.4955 (Dec 8 low) and 1.4894 (Dec 2 low).

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France, Schengen and the future of Europe - BBH

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EUR/GBP breaks below 0.7245 as Pound soars

EUR/GBP dropped below 0.7240 and accelerated to the downside, hitting a fresh daily low at 0.7221. The pair remains near the lows as GBP/USD climbed toward 1.5200. The pound rallied across the board during the last hours with no particularly reason ahead of the release of the decision and the minutes of the Bank of England, that will be published tomorrow at 12:00 GMT.
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