The British pound has dropped below $1.23, reaching its lowest level since Nov 2023. A mix of domestic challenges, including potential BoE rate cuts, fiscal concerns, and global trade tensions weigh heavily on the currency.
This Week: GBPUSD bulls are trying to move closer to 200-period SMA
Stronger than expected wage data could push cable up to its 50-day simple moving average at ~1.2599, while softer numbers might see the major pull back towards 1.24.
The British pound has dropped below $1.23, reaching its lowest level since Nov 2023. A mix of domestic challenges, including potential BoE rate cuts, ...
Stronger than expected wage data could push cable up to its 50-day simple moving average at ~1.2599, while softer numbers might see the major pull bac...
Cable is testing the key resistance level at 21-period SMA (1.270545) as investors anticipate the BoE’s comments regarding the future of it’s poli...
Pound
cable
GBPUSD
BoE
Rates
Loading...
We value your privacy
We use cookies to give you the best-possible experience on our site and serve you personalised content. Click “Sounds good” to agree to our Cookie Policy.