GBP/USD 1.2100 key level ignored, more declines favored [Video]
The GBP/USD pair crashed in the short term as the DXY rallied. The fundamentals drove the price in the last few days. It’s trading at 1.2085 at the time of writing and it seems very heavy despite temporary rebounds or sideways movements. Fundamentally, the UK reported lower inflation than expected in January. Later, the US Retail Sales and Core Retail Sales could really shake the price. Read more...
GBP/USD Forecast: Pound Sterling turns fragile on soft UK inflation data
GBP/USD has extended its slide and declined below 1.2100 early Wednesday following the UK inflation data. The technical outlook points to a bearish tilt in the near term and a four-hour close below 1.2070 could open the door to additional losses. Read more...
GBP/USD weakens further below mid-1.2000s, flirts with weekly low ahead of US data
The GBP/USD pair comes under intense selling pressure on Wednesday and extends the previous day's late pullback from over a one-week high. The downfall remains uninterrupted through the mid-European session and drags spot prices back closer to the weekly low, around the 1.2035 region in the last hour. Read more...
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