GBPUSD Rises to a One-Year High

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The British pound sterling is trading near a one-year high. The gains come against the backdrop of a weaker dollar.

The cable brushed off the Brexit uncertainty on Thursday. With support firmly established near 1.3300, we could expect to see further gains.

Any near term corrections could see the trend line offering dynamic support.

Above the current levels of 1.3500, the next key challenge will be the 1.3800 level which was last tested around 2018 before collapsing.

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