GBP/USD: Further gains look on the cards above 1.1440 – UOB – by pabspiovano GBPUSD Currencies Majors Banks
24-hour view: “We expected GBP to ‘trade within a broad range of 1.1130/1.1330’ yesterday. Our expectation was incorrect as GBP soared to 1.1440 before pulling back. While upward momentum has waned with the pullback, the current price movement is regarded as part of a consolidation instead of a reversal. In other words, GBP is likely to trade sideways for today, with the expected range being between 1.1280 and 1.1440.
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