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Gbp Usd


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British Pound Weekly Outlook

By FXCOINZ Editorial

19/02/2024

The British Pound faces a bearish outlook against the US Dollar, with a mixed backdrop of UK economic data and minimal upcoming releases. As the Pound contends with challenges, attention shifts to the US Dollar’s influence, indicating a prevailing downtrend in GBP/USD. Sterling’s defense of key support levels and resistance posed by a downtrend line provide a dynamic backdrop for traders to watch closely in the coming week.