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GBP/USD to Close Near Its Daily Low

M. Ali 15 October, 2020 11:20 pm Forex Market, Market Update

The British Pound (GBP) declined against the US Dollar (USD) on Thursday, with the USD showing some strength across the board.

Meanwhile, the GBP is impacted by Brexit uncertainty, as well as worries about the second wave of the COVID-19 pandemic and new lockdowns imposed by the British government.

The GBP/USD is trading lower for the day by 0.91% at 1.2893.

The pair has been moving in a range between 1.2891 and 1.3030, mostly in the negative territory, after closing yesterday at 1.3012.

Support Levels: 1.2898 – 1.2870 – 1.2832

Resistance Levels: 1.2964 – 1.3002 – 1.3030

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