Analysts at Indian firm Kshitij Consultancy Services Team note that the British currency managed to recover from the minimum versus the greenback at 1.5405 hit on January 7 and erase December's losses rising above 1.5950.

The specialists expect sterling to keep climbing this week towards 1.6200. According to them, key support levels are found in the 1.5820/00 area that’s not likely to be ruined in the near term.



Chart. Daily GBP/USD

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