The decline of the USD/GBP pair In brief: The USD/GBP pair continues to decline, affected by the increase of the EUR/USD pair recovering rate. The USD/GBP pair still remains in defensive position. Pound to dollar exchange rate is weakening. At first the pound to dollar exchanged rate managed to remain the same as the exchange rate EUR/USD pair that demonstrated confident recovering. Though later the EUR/USD pair made an attempt to increase the recovering rate that affected the USD/GBP pair, making it drop to 1.5247. The bids in the 1.5620/50 area are currently swallowed. According to the dealers, the stops remain in the area of 1.5240/30. Currently the pound to dollar exchange rate is $1.5253.

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