GBP/USD pair was seen to decline to 1.2820 early today. The bulls wait for a clear break of August month’s low to confirm entries while the bears are taking clues from GBP/USD inability to cross the previous month low. With all the turmoil caused the Brexit issue, do also stay tuned for the UK employment figures due out this Thursday.
Worth mentioning that analysts from Citibank forecasts are as below:
- 3 months period: 1.27
- 6 – 12 months period: 1.33
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