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Pound Sterling traded in a wide volatile range against the Dollar on Tuesday and latest studies suggest a negative tone should persist over the near-term.
May 31,2017
The Pound to Dollar exchange rate was rallying up quite strongly until it hit a ceiling at the 1.30 level and started to reverse, rapidly lower.
May 29,2017
GBP/USD fell sharply from its 1.30 highs on Friday to 1.28 and it appears to be weakening across the board following renewed Brexit concerns.
May 29,2017
The outlook for the GBP/USD exchange rate has taken a turn for the worse ahead of the long-weekend in the UK.
May 27,2017
Good news for those readers yearning for a stronger British Pound.
May 26,2017
We have to assume a push higher is still possible despite the emergence of potential topping patterns, however, we would ideally seek a break above the 1.3050 highs for confirmation first.
May 25,2017
"There is still scope for further upside in the near term. The long-term downtrend currently stands at approximately 1.35" - Bill McNamara at Charles Stanley.
May 23,2017
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