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The first debate in the  British Parliament came and went and perhaps the correction in GBP/USD followed.

Cable is hanging around 1.22 after a roller-coaster. The pair had already dipped to the 1.20 handle before climbing back up, but now it’s down.

With a  dollar-positive outcome from the meeting minutes and ongoing worries about Brexit, there’s room for further fall.

gbpusd-technical-analysis-october-13-2016