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Forex pairs in this Article » GBP/USD
FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank notes that UK Oct manufacturing PMI printed a softer than expected 56.0 on Friday, allowing the GBP/USD to slip lower within a dollar dominant backdrop.

Key Quotes

“We remain in favor of fading any up ticks towards 1.6000 in the interim and any downside violation of the 55-day MA (1.5917) would risk a further weakening towards 1.5800.
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