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Forex Flash: GBP/USD plods along pre FOMC

FXstreet.com (Barcelona) - With today's FOMC minutes this afternoon, GBP/USD price action has remained subdued, moving some 30 pips since the Asia open.

Spot has made a low at 1.5312 and a high at 1.5343, and is currently trading at 1.5335 during a largely uneventful morning session. European data today is low key, and for the most, has not showed any great revelations in terms of underlying economic conditions. Volume can be expected to remain subdued ahead of the US open and FOMC minutes. Hourly Stochastics are trading at 58, without much directional momentum, while RSI is ranging at 58.

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