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Posted by
Two Blokes May 6 -
Filed in
Forex
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15 views
Tentative buildup in momentum suggests Pound Sterling (GBP) is likely to trade with a downward bias vs US Dollar (USD); any decline is unlikely to reach 1.3230. In the longer run, room for GBP to continue to pull back; it remains to be seen if it can reach the major support at 1.3160, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
