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GBP/USD update (16th May 2017, 12:00)

GBP/USD pushes higher.

GBP/USD pushes higher.

Dollar weakness is helping GBP/USD to move higher once again, although the $1.2950/$1.30 area has held back progress over the past two weeks. Above here $1.3058 and then $1.3427 remain the upside targets.

It would seem futile to become particularly bearish on the pair unless it manages a daily close below $1.2775.


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GBP/USD update (16th May 2017, 12:00)

GBP/USD pushes higher.

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