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GBP/USD trades below hourly 50-MA

The GBP/USD spot also sits below its hourly 50-MA level of 1.4249. Asian equities turned risk-off, pushing the Yen higher and other risk assets/currencies lower. Cable too has been pulled lower by sell-off in GBP/JPY.
Focus PMI Data.
The immediate focus is on the UK services PMI report, which is expected to show the dominant sector performance ticked higher in March. At the time of writing, the pair traded around 1.4242 levels.

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