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Friday, August 4, 2017

GBP: Bulls Selling On Crosses; CHF: More Selling Ahead - BofAML

Bank of America Merrill Lynch FX Strategy Research notes that although GBP is lower following the BoE meeting and the US jobs report this week, it has been supported since the UK elections from market expectations of a transition period and possibly a soft Brexit. "Still, EURGBP is getting close ...
GBP: Bulls Selling On Crosses; CHF: More Selling Ahead - BofAML

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