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Forex pairs in this Article » GBP/USD, EUR/GBP (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that in the near term, GBP/USD may refrain from testing the resistance levels.

Key Quotes

“The pair may refrain from testing the 1.6400 and 1.6445 resistance levels, especially after the jump in the EUR/GBP overnight on the back of the ECB meeting.”

“Despite rate expectations surrounding the BOE and the recent run of supportive data releases, the pair may defer to US-centric directionality intra-day. Initial supports are expected towards 1.6300 and then towards 1.6285.”
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