GBP/USD: Diminished bets for a drop to 1.0000 – UOB – by pabspiovano GBPUSD Currencies Majors Banks
24-hour view: “Yesterday, we held the view that GBP ‘is likely to edge lower but a sustained decline below 1.0630 is unlikely’. We did not expect the volatile trade as GBP plummeted briefly to 1.0539 before rocketing to a high of 1.0917 during NY hours. FurtherNext 1-3 weeks: “Three days ago , we highlighted that in view of the impulsive downward acceleration from last Friday, a further decline in GBP to 1.0000 is not ruled out. Yesterday , GBP surged to a high of 1.0917.
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