GBP/USD: Downside risks persist near term – UOB – by pabspiovano GBPUSD Currencies Banks Majors
24-hour view: “We expected GBP to ‘to consolidate within a range of 1.1380/1.1480’ yesterday. However, GBP dipped to 1.1359, rebounded to 1.1440 before closing at 1.1434 . The rebound in GBP has scope to extend but any advance is viewed as part of a higher sideway trading range of 1.1400/1.1480. In other words, we do not expect a sustained rise above 1.1480.”
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