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GBP/USD seeks some bullish momentum
A barrage of UK data today will keep sterling on the back foot until after 9.30am, but the slow drift lower continues. GBP/USD upside moves of late have been constrained by the $1.4550 area, so this and then the $1.46 zone must be cleared to get bullish momentum moving. Dips toward $1.44 have hitherto been bought, but a break below this level targets $1.4277 and then $1.4230.