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Pound to push higher

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Financial and commodity markets analytics

The British pound made another run for the $1.30 mark before pulling back to what is now turining in to a key support level . With the fundamental facotrs such as Brexit negotiations and a possible rate hike from the Bank of England on the cards we believe it is only a matter of time before the pound breaks through the resistance line on the chart and heads much higher. It is then anticipated that this current resistance level will become the new support level over the next few weeks.

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