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The British Pound remained flat against the US Dollar on Tuesday, with the Cable rising only three pips higher. Nonetheless, the GBP/USD has already reached the expected target early today, namely the cluster around 1.5185. Strong UK fundamentals should boost the Sterling enough to pierce the cluster and stretch out to around 1.5250. On the other hand, in case the market movers are not in favour of the GBP, a fall beyond the immediate support is possible, with the 1.50 psychological level acting as the ground floor.
The British Pound remained flat against the US Dollar on Tuesday, with the Cable rising only three pips higher. Nonetheless, the GBP/USD has already reached the expected target early today, namely the cluster around 1.5185. Strong UK fundamentals should boost the Sterling enough to pierce the cluster and stretch out to around 1.5250. On the other hand, in case the market movers are not in favour of the GBP, a fall beyond the immediate support is possible, with the 1.50 psychological level acting as the ground floor.
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