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In addition to reducing fees, many US asset managers in order to gain market share, have begun to compete for passive funds at the lowest prices.
GBPUSD continues to hold below major downtrend line with traders awaiting the release of BOE Inflation Report later
GBPUSD holds above 1.48 ahead of U.K Manufacturing PMI with yesterday's candle forming a spinning top on the daily chart
Cable fell after UK CPI y/y turned negative for the first time this year erasing any gains held by the pair for the past week
GBPUSD rebound meets resistance at 1.517 as bearish sentiment comes to a temporary stop.
GBPUSD finds support on the trend line on the monthly chart after surging away from 1.5000 last month
GBPUSD continues to strengthen after for the fourth consecutive day with candles now touching 1.4950, the monthly resistance