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Sterling is trading sideways in a box – BBH

FXStreet (Guatemala) - Analysts at BBH sight the pound as a bearish play.

Key Quotes:

“The $1.5600 area has repeatedly been tested in recent sessions. The $1.5740 area marks the top of the box”.

“Above there is what may prove to be a more formidable resistance near $1.58”.

“While we expect sterling to outperform the euro on a trend basis, it is still likely to decline against the dollar”.

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