GBPUSD faces some near-term consolidation – UOB – by pabspiovano GBPUSD Currencies Majors Banks
24-hour view: “We highlighted last Friday that ‘the price movements appear to be part of a broad consolidation’ and we expected GBP to ‘trade between 1.1790 and 1.1950’. GBP subsequently traded within a narrower range than expected . The price actions still appear to be part of a consolidation and we expect GBP to trade between 1.1820/1.1940 today.”
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