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GBP/USD Review, June 15-19, 2020

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#GBP/USD# GBP/USD Review, June 15-19, 2020

The British pound has tested 1.2677 last week and retreated from that level later. UK currency’s weakness can be explained by the rise of coronavirus infection cases in several US states and the growing fears about the Brexit.
We expect the currency pair to develop the downtrend targeting 1.2372 this week. However, there is another scenario in which GBP/USD is going to test 1.2677.

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