GBP/USD: The pair is trading steadily above the 1.300 handle for now but has declined from previous session highs as USD rebound in the global market. But hopes for additional spending by the UK government to support the economy and improved supportive measures expected from tomorrow’s UK budget update help underpin GBP bulls. Traders have already priced in EU-UK trade negotiation related woes, which suggests a decline below 1.30 handle is unlikely in American session today.
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