GBP/USD extends its losses past the 1.2300 figure after failing to decisively crack the 200-day moving average (DMA) due to overall US Dollar (USD) strength despite falling US bond yields.
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GBP/USD clings to earlier gains, though it remains trading below the 1.2400 figure after testing the 200-day moving average (DMA) at 1.2433, but failure to clear it, exacerbated a pullback toward the 1.2370 area, almost flat.