GBP/USD faces further downward momentum – UOB

FX Strategists at UOB Group suggested Cable faces further declines in the near term. Key Quotes 24-hour view: “We highlighted yesterday that “a retest of the major 1.3450/60 support zone seems likely” but added “a sustained move below these levels is not expected”. In line with expectation, GBP dropped to an overnight low of 1.3456 […]

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