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GBP Maintains Gains amid USD Weakness

M. Ali 19 August, 2020 12:30 am Forex Market, Market Update

The British Pound (GBP) rose against the U.S. Dollar (USD) on Tuesday, supported by the decline of the latter, amid anticipation for the progress of trade talks between the United Kingdom (UK) and the European Union (EU).

The GBP/USD is trading at 1.3242, up by 1.07% for the day, after rising earlier today to $1.3276, its highest level since the end of 2019.

The Sterling is also up against the Euro by around 0.47%.

Support Levels: 1.3079 – 1.3053 – 1.3031

Resistance Levels: 1.3127 – 1.3149 – 1.3175

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