The GBPUSD has moved below the 200 hour MA at the 1.5116 level and looks toward the next support level at the 1.5065 level. This is the 61.8% retracement of the move up from the March 10th low to the high at 1.5380 pm March 17th. The pound has been hit hard today on the back of the comments from BOE Sentance on how he is concerned about a double dip recession.
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