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      EUR/GBP edges higher but lacks momentum

      FXStreet (Córdoba) - The EUR/GBP edged a tad higher following the UK GDP estimation release, but remained well within today’s range and off the highs scored earlier during the European session.

      The latest recovery attempt was capped by the 0.7945 zone sending the EUR/GBP back to the 0.7920 zone before resuming the climb driven by GDP data. UK economy grew 0.6% in the 3 months to July, according to NIESR estimation.

      EUR/GBP technical levels

      At time of writing, the EUR/GBP is trading at 0.7940, 0.25% above its opening price, with immediate resistances seen at 0.7944 (Aug 6 high) and 0.7965 (Aug 5 high), while supports line up at 0.7915/3 (Aug 6 & Jul 31 lows) and 0.7900 (psychological level).

      GBP/USD under pressure after another round of negative data - FXStreet

      FXStreet Chief Analyst Valeria Bednarik points out that the GBP/USD remains under pressure on Wednesday following the release of disappointing UK Industrial Output numbers.
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      USD/CAD forecast change - UBS

      The UBS analyst team argue that with the rebound of the US economy and the continued Bank of Canada dovishness, they’ve lost the confidence that the CAD can be even stronger than the USD and revised their forecasts.
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