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Sep 25, 2023 · The pound has sunk to its lowest level since March, as it hit $1.22 this afternoon. Worries about economic growth, and high interest rates, have hit stocks in London, and led to a weak start to ...
Sep 14, 2023 · EUR/GBP is under pressure and continuing Wednesday’s weakness. There remains a wide 0.8500 to 0.8700 range in the pair and this looks likely to contain future price action. Within this range ...
Nov 7, 2023 · British Pound breakout of multi-month downtrend up more than 3.1% off October low. GBP/USD rally exhausts at uptrend resistance- risk remains for near-term correction. Resistance 1.2337, 1.2382-1.24, 1.2446/59 (key) - Support 1.2279, 1.2186, 1.2153 (key) The British Pound has rallied more than 2.2% month-to-date with GBP/USD breaking out of a ...
Dec 5, 2014 · GBP/USD Downside in Focus on Fed Expectations, Bearish RSI Momentum
Apr 22, 2024 · Traders now expect the Bank of England to start cutting rates sooner (August) and by more (50bps) than in the US (potentially as late as November, only 40bps discounted). GBP/USD remains in “sell rallies” mode, so bullish readers will want to be nimble against a broader backdrop that favors more downside from here.
Nov 2, 2022 · The British pound ( GBP) has fallen in value this year amid rising inflation, the prospect of the economy entering recession by the end of the year, political uncertainty, and persistent strength in the value of the US dollar ( USD ). As of 2 November 2022, GBP/USD – the cable, as it is known across currency-trading desks – is down over 15% ...
Jul 7, 2023 · With volatility in the pair remaining high, any BoJ chatter could send GBP/JPY sharply lower, especially as the pair rallied from a low of 174 to hit a 182 high in just four days.
