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GBPUSD: Daily & Intraday Analysis

Sterling inched higher on Thursday after falling sharply the previous day as a jump in U.S. bond yields boosted the dollar.

Britain’s currency was pulled down from a more-than-one-month high reached on Tuesday by a rally in the dollar. The U.S. currency has benefited from rising Treasury yields, driven by strong economic data, tough talk from Federal Reserve policymakers, and a run of weak bond auctions.

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