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Forex Flash: GBP/USD close above 1.5600 would suggest potential toward 1.5800 - BBH

FXstreet.com (Córdoba) - Sterling neared 1.5600, notes the BBH team. "A close above there, which we think is unlikely today, would suggest potential toward $1.58", they comment.

Meanwhile, "the euro also appeared to have been lifted by the UK news, though most of the continental markets are closed and turnover is considerably lighter than usual", BBH says. However, according to them, participants may be reluctant to push aggressively through 1.3200 ahead of tomorrow's ECB meeting, though the thinner conditions do allow for some penetration.

Forex: GBP/USD consolidates gains at 1.5570

The GBP/USD jumped on the back of improving UK manufacturing PMI, against expectations, rising about 50 pips to 1.5591 high. Profit taking process pulled the GBP/USD to a narrow trading range around 1.5570, where it’s offering support for the London morning gains.
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