British Pound Extends Rebound From 148, Euro Rally Tapers Off

The British Pound extended the rally from the previous week and crossed back above the 20-Day SMA (1.5058) during the European trade to reach a high of1.5078, and the GBP/USD may continue to pare the decline from earlier this month as policy makers hold an improved outlook for the economy.

Read More British Pound Extends Rebound From 148, Euro Rally Tapers Off

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