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Nov 13 - 09:48 AM
GBP/USD: Back Into A Sideway-Trading Phase Between 1.2770 And 1.2930 - UOB
First appeared on eFXplus on Nov 13 - 08:24 AM

UOB Research discusses GBP/USD technical outlook and shifts into a neutral phase in the near-term.

"GBP traded in a relatively quiet manner as it traded within a 1.2816/1.2873 range. The price action is in line with our view from yesterday (12 Nov, spot at 1.2855) wherein GBP “is deemed to have move back into a sideway-trading phase”," UOB notes. 

"In other words, we continue to expect GBP to trade sideways between 1.2770 and 1.2930 for a period," UOB adds. 

UOB Research/Market Commentary


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