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In the bigger picture Gbp is bearish due to uncertainty about the negotiations with Europe. The cable is overextended due to overall weakness of USD. See my earlier forecasting about the cable.
Unless a clear catalyst is not available, mont of the markets will be ranging, at least for some time.
Most probably Gbp/ Usd Should stay between
1.28100 to 1.26500.
Unless a clear catalyst is not available, mont of the markets will be ranging, at least for some time.
Most probably Gbp/ Usd Should stay between
1.28100 to 1.26500.
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