Strategists at Barclays Capital claim that although pound tested on Tuesday the levels below 1.55 trading versus the greenback, sterling bears didn’t get enough strength to lower the rate more. As a result, the specialists think that the pair GBP/USD will be rather stable in the near-term.

However, the attempts of the British currency to get higher will be limited by the resistance between 1.5670 and 1.57 and Barclays Capital supposes the rate may survive a decline to 1.5350/00 before consolidating.

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