According to SocGen, the likelihood of a rebound in GBPUSD at the current level of 1.23777 is more difficult to achieve compared to six months ago.

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According to SocGen, the likelihood of a rebound in GBPUSD at the current level of 1.23777 is more difficult to achieve compared to six months ago.

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    GBP/USD saw the first daily close below the 200-Day Moving Average (DMA) last week since March. Economists at Société Générale analyze the pair’s outlook ahead of the BoE meeting on Thursday.

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