GBP/USD technicals favour the downside – Scotiabank

GBP/USD trades soft after the release of unexpectedly weak services PMI, with technicals biased for further downside, notes Eric Theoret, CFA, CMT, Currency Strategist at Scotiabank.
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EUR/USD keeps highs near 1.1260

The single currency has abruptly reverted the initial negative start, now lifting EUR/USD to fresh peaks in the mid-1.1200s...
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