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- GBP/USD rallies back into technical midrange near 1.2650.
- Broad-market risk appetite knocks Greenback lower.
- US ISM Manufacturing PMI fell back in February, price pressures easing.
GBP/USD caught an intraday bump on Friday after a surprise miss in the US ISM Manufacturing Purchasing Managers Index (PMI) sparked renewed risk appetite on the back of fresh hopes for easing inflation to kick off a round of rate cuts from the Federal Reserve (Fed).
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