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Our GBP pairs started the day Dom Short, which played well with early trades and the expected high volatility UK Manufacturing data at 9.30am, which surprisingly this came in positive. The result did little to the GBP/JPY but had a trend changing effect against the USD on a weakening dollar. However the huge surprise today was the strengthening of the AUD on an unexpected interest rate cut. This would normally drastically weaken a currency, which had me concerned of the accuracy of our AUD Index. However this strength was confirmed in a Forexlive article and it further showed against the GBP and also the EUR.

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