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compass pointing north

USD rallies as stock markets reach fresh all-time highs. GBP awaits CPI figures for direction, NZD extends gains to 4-week high

Tuesday 12 December
British Pound

It is a rare day when Brexit doesn’t make the lead story on the front page of the major UK newspapers but that’s the situation this morning and one which will doubtless bring some relief in Downing Street. It has allowed the pound some respite, too, after yesterday’s fall, with GBP/USD trading broadly sideways in the Sydney session to open this morning in London around 1.3350.

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Today's expected ranges

GBP / USD
1.3330 – 1.3410
GBP / EUR
1.1310 – 1.1390
GBP / AUD
1.7640 – 1.7740
GBP / NZD
1.9210 – 1.9350

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