GBP/USD back above 1.2300 handle ahead of US macro releases

After a volatile move during early European session, the GBP/USD pair finally seems to have stabilized and has now moved back above 1.2300 handle ahea
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GBPUSD: Downtrend may be mature but is still in place - Westpac

Tim Riddell, Research Analyst at Westpac, suggests that the GBPUSD downtrend from 1.70’s still appears to be in place and so could extend towards 1.10
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