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GBP/USD: still a sell on rallies below 1.2200?

Currently, GBP/USD is trading at 1.2157, down -0.03% on the day, having posted a daily high at 1.2190 and low at 1.2107. GBP/USD is pretty much flat on the shift after an initial bid from 1.2112 overnight that met the aforementioned high before retreating …