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GBP/USD downside risks gather pace – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The research team at UOB Group expects the sterling to come under renewed downside pressure.

    Key Quotes

    “The downside risk is still intact but GBP has to break clearly below the major 1.4000 support before further sustained weakness can be expected”.

    “Only a move back above 1.4190/95 would indicate that the downward pressure has eased”.
    For more information, read our latest forex news.
     

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