GBP/USD breaks below pivotal support area

  • Cable now trading at fresh intraday lows
  • A weak UK Services PMI print and broad USD strength has helped push the Pound lower
  • Cross flows have been negative as well, with decent GBP/AUD and GBP/NZD selling going through this morning
  • Immediate support seen at the 55 DMA at 1.5305, then not much until 1.5250

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