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GBP/USD lifted by the FOMC minutes
The services PMI number and dollar weakness after the Federal Open Market Committee (FOMC) minutes helped to push GBP/USD back to $1.25.
However, the price now needs to push through the descending hourly trendline off the highs from late March, which would imply a move back above $1.2520. Areas of short-term support are $1.2450 and then $1.2420, with the former a potential mark to watch for a bounce, given the rising trendline that comes into play from the 14 March low.