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GBP/USD IN A BEARISH CONSOLIDATION PHASE


The GBP/USD pair is seen moving back and forth in a 30-pips narrow range, as the bears consolidate sharp losses incurred on the back of hawkish Fed Yellen’s testimony before the Senate Banking Committee. Yellen noted that it would be appropriate to hike rates in the upcoming months and that every meeting is a ‘live’ one.

Current exchange rate of GBP/USD pair is 1.2466

Our Latest Recommendation:
Buy as the pair is going up in Forex Market.