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Pound Pares Decline as OECD Sees Scope For BoE Rate Hike

posted by Avatar DailyFX 731 days ago in EUR, GBP, Technical made popular 731 days ago

The British Pound bounced back from the low (1.4335) and pared the overnight decline to maintain the tight range carried over from the previous week, and the GBP/USD appears to be carving a near-term bottom just above 1.4200 as the daily RSI rebounds from oversold territory.
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