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7 Nov 2014
GBP weakness finally picking up momentum - UOB Group
FXStreet (Łódź) - The Market Strategy Team at UOB Group note that the slide in GBP/USD accelerated and should continue towards the 1.5750 level.
Key Quotes
"This is a significant support and may hold initially but as long as 1.5990 is intact, the mid-term outlook is clearly bearish."
"1.5920 is already a strong resistant ahead of 1.5990."
Key Quotes
"This is a significant support and may hold initially but as long as 1.5990 is intact, the mid-term outlook is clearly bearish."
"1.5920 is already a strong resistant ahead of 1.5990."