GBP/USD reaches fresh 1-month high

The GBP/USD reversed intraday losses and managed to print a fresh 1-month high at the beginning of the American session as the Cable regains upward momentum.
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IMF warns weak EU banks, low US rates can hurt global recovery

The International Monetary Fund said today that global recovery could be hampered by the instability of the EU banking system. China's slowdown, the end of low rates in the US and potential tensions in emerging markets were other adverse factors mentioned by the organization.
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