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On Thursday Pound/Dollar increased significantly with 175 pips, in line with the positive Interbank sentiment at almost +6%. The Cable appreciated from 1.5541 to 1.5716 yesterday, closing the day at 1.5622. Today the British Pound corrected deeply, losing all yesterday's gains. On the 1 hour chart small upward channel is emerging, while on the 3 hour chart the downward channel is on hold.

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