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> Pound looks vulnerable as UK GDP misses forecast – GBP/USD Market Outlook – 12/11/2020
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Pound looks vulnerable as UK GDP misses forecast – GBP/USD Market Outlook – 12/11/2020

SquaredFinancial

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The Pound is probably heading lower today as UK GDP, Industrial Production and Manufacturing Production data all missed estimates. Additionally, concerns about coronavirus have replaced vaccine hopes and boosted the safe-haven dollar. A break below the 1.3180 support will open doors for further weakness towards 1.31.

Support: 1.3180/ 1.31
Resistance: 1.3225/ 1.3315

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/pound-looks-vulnerable-as-uk-gdp-misses-forecast-gbp-usd-market-outlook-12-11-2020
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