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GBP/USD eyes $1.30
Yesterday saw the pound stage a modest recovery, crucially taking it back above the lows of last week at $1.2945. So far the pair is looking to move back above $1.30, with the possibility of a short-term rally to $1.31, and then onwards to $1.32.
If the lows of the week around $1.2945 fail then the Friday-Monday low at $1.2915 could see further support. Otherwise, we look to the lows of the current range down towards $1.2865.