147.50 didn't offer any support so maybe we are looking at April's low of 146.30 and then 145. At some time, when investors realise that the Fed will probably raise rates once or not at all this year then going long the pound against the USD will be a very profitable trade. Just a matter of waiting for the right time.
GBPUSD Faces Downside Pressure On Recovery Failure, page-4
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