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British Pound (GBP) Price Outlook: GBP/USD Stable
GBP/USD STABLE WITH DOWNSIDE BIAS
GBP/USD is continuing to ease back Wednesday within a near-term range of 1.4250 and 1.4092 despite a successful UK coronavirus vaccination program that has led to no daily deaths from Covid-19 within 28 days of a positive test for the first time since March 2020.To get more news about WikiFX, you can visit wikifx.com official website.
In addition, member nations of the Trans-Pacific regional trade partnership have agreed to allow the UK to begin the process to join, in a potential boost for the UKs trade following Brexit.
While that is positive, it has been more than offset by the ongoing debate about whether the last coronavirus restrictions in the UK should be lifted on June 21 as planned, with those against pointing to the spread in the UK of the Indian variant that has now been renamed the “delta” variant.