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Breaking News: GBP/USD breaks below 1.1400 for first time since 1985

The GBP/USD pair is under strong selling pressure on Friday after extending a sharp retracement slide from US CPI to two-week highs. A second consecutive day of negative movement – also his third in four days before – picked up steam in the first half of the European session, with the spot rate taking him below 1.1400 for the first time since 1985.