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Daily Analysis British Pound
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GBP/USD opened up at $1.4709 took a hit down to $1.4658 early on. Range trading caused the pair to trade at these levels until about 4:30 GMT. A steep correction due to selling pressure from central banks took GBP/USD down to $1.4587 for the next hour or so. For the next two hours up until about 8:15 GMT, the pair slipped into a choppy range of $1.4564 to $1.4618. The pair has now steadily climbed to an intraday high of $1.4718 at writing time.
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