Bearish forecast on GBP/USD from Barclays.

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Barclays analysts are bearish on GBP/USD, noting that they will use the slight increase as an opportunity to sell at better rate. According to the analysts a break below the support level of 1.3835 will move the rate down towards 1.3500 levels, which is near the 2009 lows.

The currency pair finished at 1.4227, up 0.34% from the previous close.

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