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Posted by
Two Blokes Jul 18 -
Filed in
Forex
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8 views
Further consolidation seems likely; the firmer underlying tone suggests a higher range of 1.3390/1.3465. In the longer run, Pound Sterling (GBP) view is still negative against US Dollar (USD); the next technical target at 1.3320 may not come into view so soon, as it could consolidate first, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
