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Forex pairs in this Article » GBP/USD
FXstreet.com (Barcelona) - The sterling has rapidly depreciated against the greenback after agency S&P has revised the UK sovereign credit rating to negative from stable, although it's confirmed the AAA status.
The pound has dragged the cross to the boundaries of 1.6080 soon after the announcement, recovering some pips at the moment.

GBPUSD is now losing 0.30% at 1.6098 and a drop beyond 1.6083 (MA10d) would clear the way to 1.6069 (low Dec.11) and then 1.5999 (low Dec.10).
On the other hand, resistance levels are located at 1.6153 (high Dec.13) ahead of 1.6162 (Upper Bollinger) and finally 1.6173 (high Dec.12).
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