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British Pound Bounces Back to Cross Above 20-Day SMA

posted by Avatar DailyFX 904 days ago in EUR, GBP, Technical

The British Pound bounced back on Friday to cross back above the 20-Day SMA (1.6633) and reach a high of 1.6643, and the currency is likely to hold a broad range over the following week as investors weigh the outlook for future policy.
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