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Posted by
Two Blokes Jun 11 -
Filed in
Forex
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3 views
Further Pound Sterling (GBP) weakness is not ruled out against US Dollar (USD); oversold conditions suggest any decline may be limited to a retest of the 1.3460 level. In the longer run, tentative increase in downward momentum suggests GBP is likely to trade with a downward bias toward 1.3430, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
