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GBP/USD steadies around 1.3350 amid Brexit hopes, eyes on Ukraine, US NFP
GBP/USD bears took a breather around 1.3345-50 amid Brexit optimism during early Friday morning in Asia. Even so, the cable pair remains on the back foot for the second consecutive week as the US dollar cheers cautious mood in the market, mainly due to the Ukraine-Russia standoff and chatters over the Fed’s 0.50% rate hike in March.
GBP/USD Forecast: Technical outlook favors bears despite Wednesday’s rebound
The British pound has capitalized on risk flows late Wednesday and the GBP/USD has managed to close in the positive territory. The souring market mood on Thursday is not allowing the pair to build on Wednesday’s gains and the technical outlook shows that buyers are struggling to retain control of the action.
This article was originally published by Fxstreet.com. Read the original article here.