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Forex: GBP/USD around 1.5650 ahead of UK data

The sterling is trading around the mid 1.56s ahead of a batch of data in the UK: inflation figures, DCLG House prices, producer prices and retail sales and CB leading economic index, all ahead the most relevant BoE Inflation Letter.

At the moment, GBP/USD is losing 0.01% at 1.5657 with the next support at 1.5646 (low Feb.7) ahead of 1.5628 (low Feb.5) and finally 1.5584 (Lower Bollinger).
On the upside, a breakout of 1.5737 (MA10d) would expose 1.5819 (MA21d) en route to 1.5845 (high Feb.8).

Forex: EUR/USD waiting for Europe in red

The single currency eased some ground overnight, falling from levels above the key resistance at 1.3400 to yesterday’s comfort zone around 1.3370/80...
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