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Collins: Sterling and a tale of two pairs
Alan Collins is analysing Sterling's performance against the euro and USD. While he expects the current weakness to extend he notes that EURGBP has seen 8 positive weeks in a row adding that: "despite prices being extremely overbought, setbacks, even one as aggressive as yesterday, are quickly finding buyers. Asian gains have made an early setback likely but we’re long looking for 0.7782 and 0.7808 in the coming days. Only below 0.7673 is temporarily negative."
01:12 minutes
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