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GBP/JPY clings to modest gains above 157.00 mark, lacks follow-through

FXStreet.com
 2021-10-22

Cover picture for the articleGBP/JPY attracted some dip-buying on Friday and reversed an early dip to the 156.80 area. Upbeat UK PMIs overshadowed dismal Retail Sales and acted as a tailwind for the sterling. Stability in the equity markets undermined the safe-haven JPY and further extended support. The GBP/JPY cross quickly recovered around...

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