GBPUSD continues its series of gloomy trading days
Mis à jour
Brian, greetings to all of you. Today, the British pound (GBP) continues its five-day decline as the UK economy faces the possibility of a recession due to worsening labor market conditions and weak demand prospects. The GBP/USD pair is expected to suffer more losses as the Bank of England (BoE) pauses its interest rate tightening cycle, increasing consumer inflation expectations.
At the time of writing, GBPUSD is trading at 1.215, down 0.06% for the day.
Resistance levels: 1.238; 1.227.
Support levels: 1.204; 1.195.
At the time of writing, GBPUSD is trading at 1.215, down 0.06% for the day.
Resistance levels: 1.238; 1.227.
Support levels: 1.204; 1.195.
Note
good luckNote
GU continues to decline deeply
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