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Charting FX: UK retail buoys pound

UK retail sales add to the good data we’ve had over the last two days for GBP/USD, but the pair remains below the 50- and 100-day moving averages when we need to get back towards $1.58 to confirm the bounce. EUR/USD is another rising trendline. 

The pullback from the high of August has run its course, and the comments from the Fed will be decisive for the euro to move higher. IG analyst Chris Beauchamp also looks at USD/JPY.

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