<p>Key Highlights GBP/USD declined heavily below 1.2000 and 1.1800. A major bearish trend line is forming resistance near 1.2060 on the 4-hours chart. The UK Manufacturing PMI is likely to dive
GBP/USD rallied to its highest level in nearly two weeks above 1.2770 after robust preliminary UK PMI data for January on Wednesday but staged a downward correction later in the session.
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