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Pound Sterling (GBP) is trading higher across the board on the first day of the new trading week but analysts have downgraded the currency's medium-term forecast.

Pound Sterling’s in recovery mode but vulnerability lingers

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Pound Sterling (GBP) recovers as global investor sentiment improves. A slowdown in the UK’s COVID case rate growth has also bolstered GBP exchange rates but vulnerability lingers, especially against the greenback. Technical charts point towards a bearish trend in the British pound to US dollar (GBP/USD) exchange rate with inflation concerns and Brexit tension raising concerns...

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Are you looking to make an international payment? Know Currency Market Updates

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