Steel: severe inventory issues continue - Westpac

Robert Rennie, analyst at Westpac Banking Corporation explained current conditions surrounding the all important Steel market, a market that is key to AUD/USD.
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GBP/USD fails to hold gains

Even though the pound made a bounce attempt during the American session, it failed to sustain gains versus and dipped back to negative ground for the day, putting GBP/USD on track for its fifth daily loss in a row.
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