GBP/USD drops sub-1.55

  • Cable is under pressure in the early European session
  • Nothing specific on the newswires, it rather seems like general USD strength
  • The weak Chinese PMI print has hit risk sentiment; most APAC equities finished the day in the red
  • The next level to watch in Cable is 1.5450, as well as the lower channel support
  • No major UK data releases today, but US data in the afternoon could have some impact


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