GBP/USD faces further downside near term – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted Cable risks a deeper retracement in the short term horizon. Key Quotes “GBP/USD i
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GBP/USD hangs two-week lows, around mid-1.3000s post-UK macro data

   •  A downward revision of the yearly UK GDP growth figures prompts some selling.    •  A larger than expected surge in UK current account deficit
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