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GBP/USD may benefit from lack of Brexit news
An absence of Brexit news might lead to a continued bounce in GBP/USD, given we have held above $1.39 for the time being. However, it will take a recovery of $1.40 to confirm a more extended leg higher is underway.
Nonetheless, with Brexit talk still all the rage, the risk is that we get sudden moves lower, in which case we look to $1.3866 and then $1.3803 as potential support.