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GBP/USD to consolidate – UOB

FXStreet (Barcelona) - The Research Team at UOB Group see GBP the recent movements in the GBP/USD indicating the start of a consolidation phase.

Key Quotes

“GBP has likely made a temporary low at 1.5593 last Friday. The current movement is likely the
early stages of a consolidation phase. Expect sideway trading for today, likely between 1.5630 and
1.5730.”

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