The GBP/USD pair builds on the previous day's goodish rebound of over 80 pips from the 1.2165-1.2160 area and extends its steady ascent through the As
GBP/USD holds steady around mid-1.2200s on subdued USD demand, lacks bullish conviction ian session on Tuesday. Spot prices, however, lack bullish conviction, warranting some caution before positioning for an extension of the recent recovery move from the lowest level since mid-March, around the 1.2035 area touched last week. A combination of factors drags the US Dollar to a one-and-half-week low, which, in turn, is seen acting as a tailwind for the GBP/USD pair.
GBP/USD: Extra gains likely above 1.2270 – UOB In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD is seen gathering further upside traction once it clears 1.2270. Read more... GBP/USD Overview Today last price 1.2231 Today Daily Change -0.0007 Today Daily Change % -0.06 Today daily open 1.2238 Trends Daily SMA20 1.2265 Daily SMA50 1.2505 Daily SMA100 1.2605 Daily SMA200 1.244 Levels Previous Daily High 1.2244 Previous Daily Low 1.
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