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Downward momentum has faded; outlook is unclear, and the Pound Sterling (GBP) could trade in a range between 1.2850 and 1.3055, UOB Group FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD softens to around 1.2910 in Monday’s early European session. The negative view of the pair prevails below the 100-day EMA, with the bear RSI indicator. The initial support level for the pair ...
The US dollar rebounded strongly on Friday, especially against the commodity dollars on the back of disappointment from China’s latest stimulus announcement. The euro and pound drifted lower ...
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The Pound to US Dollar (GBP/USD) exchange rate traded in a wide range last week following the US’s latest election and the Bank of England (BoE)’s and the Federal Reserve’s latest interest rate ...