GBP/USD Attempts To Settle Below 1.2900

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GBP/USD pulled back towards the 1.2900 level.

GBP/USD tests new lows as traders react to Gfk Consumer Confidence report from the UK. The report showed that Consumer Confidence improved from -20 in February to -19 in March, compared to analyst forecast of -21.

If GBP/USD settles below the 1.2900 level, it will move towards the next support level at 1.2810 – 1.2830.

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