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GBP/USD Ticks Up on Improved Trade Balance
Britain had a deficit of 7.4 billion pounds in April, better than 7.5 that was expected. GBP/USD edges up before the rate decision. The margin between the actual and the expected figures was quite small, hence the move is quite limited, although it's important to note that this is still better than expected and better than last month's 7.7 billion deficit.