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GBP/USD is trading at 1.2497, up 0.0031.
The pair is trading rangebound and a little under the session highs as overseas forex traders wind down trading for the day. Market chatter about U.K. headline news and money flows is making the rounds.
The U.K. Office for National Statistics (ONS) is scheduled to release retail sales data at 4:30 a.m. ET.
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