GBP/USD: Poor pound price action increases downside risks in near-term – MUFG

Analysts at MUFG Bank, see the pound under pressure in the near term and expect GBP/USD to drop further after breaking the 1.2420 support. Key Quotes:
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United States CFTC Oil NC Net Positions fell from previous 567.9K to 546.3K

United States CFTC Oil NC Net Positions fell from previous 567.9K to 546.3K
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