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GBP/USD Declines Despite Dollar Weakness

M. Ali 20 October, 2020 10:16 pm Forex Market, Market Update

The British Pound (GBP) is declining against the US Dollar (USD) on Tuesday despite the later showing weakness across the board.

This comes amid Brexit uncertainty and worries about the second wave of the Coronavirus (COVID-19) pandemic.

The GBP/USD is trading lower for the day by 0.04% at 1.2943.

The pair has been moving today in a range between 1.2911 and 1.2979, after closing Monday at 1.2948.

Support Levels: 1.2890 – 1.2830 – 1.2763

Resistance Levels: 1.3017 – 1.3084 – 1.3144

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