GBPUSD: Buy or Sell ?
GBP/USD erased its previous session's gains and remained under pressure below 1.2650 during Wednesday's trading session. The renewed demand for the US dollar, driven by rising US Treasury yields and the House of Representatives passing the Republican Budget Plan, weakened the pair, preventing it from making a new breakout. It is expected to continue moving sideways within the range of 1.261 - 1.268.
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