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November 13, 2024

GBP/USD: Downward momentum has surged – UOB Group

The Pound Sterling (GBP) is expected to continue to decline, but it remains to be seen if the major support at 1.2665 is within reach today. Un the longer run, downward momentum has surged; the next technical target is at 1.2665, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

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