GBP/USD now faces some consolidation near term – UOB – by pabspiovano GBPUSD Currencies Majors Banks
is now expected to navigate within the 1.1900-1.2150 range in the next weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “After dropping sharply on Tuesday, GBP rebounded and closed higher by 0.76% . Downward pressure has dissipated and GBP appears to have moved into a consolidation phase. In other words, GBP is likely to trade sideways today, expected to be within a range of 1.2000 and 1.2115.
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