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GBP/USD drops ahead of UK and US services data


It has been a day of two halves for the U.S. dollar. The greenback was initially lower and sharply so against some commodity currencies, before bouncing back in the second half of today’s session – most notably against the British pound but also versus the Swiss franc and the Japanese yen. Commodity currencies were still outperforming, however, no doubt boosted by the ongoing risk-on rally.

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