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GBP/USD: Pound is strengthening prior to Bank of England meeting on 06.08.2015

Yesterday, the Pound dynamics were volatile but the pair managed to strengthen towards the end of the day. The GBP was pressured by the poor data on Markit Services PMI for July in the UK and the Retail Sales figure from the eurozone that came out worse than expected. However, the GBP gained a little after a release of the ADP Employment Change in the US.

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