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GBP/USD suffers more losses
The downward trend goes on here, with little sign so far that the pair is about to turn higher. The lows of July and August, around $1.2850, are holding for now, so until this breaks we are still looking at a possible bounce in coming days.
A rally needs to clear Thursday’s highs at $1.3121, which might then suggest a move back to the top end of the range around $1.3450.