Forex News GBP/USD longs taken after Wednesday's post MPC minutes rally are being unwound, says a trader. He thinks the prospect of a very weak retail sales report, DJN forecast is -3%, out at 0830 GMT, a dovish article on UK rates in today's Daily Telegraph, and overall strength of the USD are all weighing on sterling. GBP/USD now trades at 1.9875, over 1 cent down on the day, with talk of big stops below.
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