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Forex: GBP/USD around 1.5440 ahead of minutes

The sterling is bouncing off overnight lows around 1.5430 ahead of the BoE minutes due later. The GBP is posed to remain under pressure following the minutes as market participants expect their tone to be in the dovish camp, thus extending the bearishness.

At the moment, GBP/USD is up 0.09% at 1.5439 with the next hurdle at 1.5544 (high Feb.14) followed by 1.5550 (high Feb.15) and then 1.5598 (MA10d).
On the other hand, a dip below 1.5438 (low Feb.18) would target 1.5414 (low Jul.13) and then 1.5393 (low Jul.12).

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