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Forex Flash: Prefer to keep selling GBP/USD - RBS

FXstreet.com (Barcelona) - As Head of Currency & EM Strategy at RBS David Simmonds has noted: “BoE Governor-in-waiting Carney’s reference to UK being among the “crisis”economies with the Euro zone and Japan strikes a sombre chord,” David said, adding: “Our view on the GBP is unchanged: chronic twin deficits and more emphasis on monetary policy activism spell more weakness ahead,” the analyst suggests. “Next target is 1.42,” he concludes. “For now, we prefer to keep selling GBP/USD.”

Forex: AUD/JPY stalling ahead of 103.00

AUD/JPY is last at 102.80, off recent session and 5-day highs at 102.94, on the back of Aussie strength combined with Yen weakness. The cross has gapped higher at the weekly open, up +0.59% for the session so far. All local share markets are in the green, with Australian ASX up +0.245, and Nikkei index +1.98%.
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Forex: AUD/NZD drifting lower towards 1.2160 pivot support

The AUD/NZD is trading lower to start the week, down 27 pips at 1.2191. There will be plenty of economic data in coming sessions which could have influence on the pair. China PMI will be released on April 23rd at 2:30 GMT, followed by RBNZ announcing its interest rate decision later on in the session at 21:00 GMT. Finally, Aussie CPI will hit the tape on April 24th at 1:30 GMT.
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