GBP/USD might see a dip lower towards 1.5580 – UOB

FXStreet (Barcelona) - Analysts at UOB Group, see potential for a GBP/USD dip towards 1.5580, and expect 1.5550 to hold for a move higher towards 1.5660.

Key Quotes

“GBP dipped to a low of 1.5562 before rebounding quickly. While further down-move is not ruled out, the current price action suggests that this pair is trying to form a short-term base for a recovery. From here, allow for a dip 1.5580 but 1.5550 is expected to hold for a move to 1.5660.”

Jul 3, 2015

Aussie bears dominate Asia, UK Services PMI, EZ retails - In focus

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