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Forex Flash: Pound stays vulnerable - BTMU

Derek Halpenny of the Bank of Tokyo Mitsubishi UFJ notes that as expected, GBP weaked following weaker than expected Industrial Production figures in the UK.

He sees that it leaves GBP vulnerable but yesterday was a test for the pound and although it feel in response to the 1.5% drop in manufacturing in January, it then recovered, suggesting much of the bad news is now priced in the pound. Further he adds, “The euro also continues to be well supported above the 1.3000 level and the performance of EUR/USD, GBP/USD and USD/JPY could be a signal that the dollar is about to take a breather after a period of solid gains.”

Forex: GBP/USD finds resistance ahead of 1.5000

The GBP/USD rose to 1.4982 high in its rebound process after going to as low as 1.4832 in yesterday trading. The pair is currently finding stability at 1.4950 zone, up by +0.35% on the day.
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Forex Flash: Korean assets, and especially KRW, are facing renewed headwinds - BBH

Brown Brothers Harriman EM Strategist Ilan Solot, notes that Korean assets and especially KRW are facing renewed headwinds.
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