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November 14, 2024

GBP/USD Outlook: Steep Post-US Election Bear Leg Extends Below 1.2700

Steep bear leg extends into fifth consecutive day and hit new multi-week low, coming close to target at 1.2664 (Aug 8 low) guarding 1.2612 (June 27 low) on renewed probe through 1.2700 support, after bears cracked this level on Wednesday but failed to register close below it.

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