EURGBP: Downtrend Set To Resume As Sterling Sparkles

7:43 PM No Comments

After threatening for the past few weeks, the GBPUSD finally broke out to a conclusive 6-year high above the 1.70 level this morning and, with rates currently trading around 1.7100, the breakout appears likely to hold for now. Meanwhile, the EURUSD is also rallying on today's broad-based USD weakness, though



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