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The GBP futures market experienced volatility, reaching a year-to-date high against the USD due to weakness in the US dollar on February 24th. However, by January 26th of the following month, forecasts suggested potential fluctuations in GBP/USD and EUR/USD exchange rates. On January 9th, GBP futures sank to a 14-month low. These movements highlight the dynamic nature of currency markets, influenced by economic factors such as dollar weakness and broader market trends.

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