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FXstreet.com (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that GBP has lagged behind EUR last week and the technical condition is weaker.

He adds that Sterling is facing an immediate hurdle in the 1.6160-90 region and he is inclined to see this area hold. On the downside however, he feels that a break of 1.6080 warns of a re-test of the 1.6000 region and the uptrend drawn off the early June lows.
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