#GBPUSD @ 1.21298 still risks a drop to 1.2040 – UOB

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GBPUSD Chart by TradingView

GBP/USD maintains the downside pressure well in place and could revisit the 1.2040 zone in the near term, note UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.

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