0755 GMT [Dow Jones] Liquidation of GBP/USD longs ahead of month-end probably played a part in Wednesday's drop, says UniCredit, but given the rising prospect of a rate hike by the Bank of England as early as November, its current level could bring out the bargain hunters. GBP/USD now at 1.6695 from 1.6820 just 24 hours ago. (gary.stride@wsj.com)
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May 29, 2014 03:55 ET (07:55 GMT)
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