Fundamental analysis:
The UK is currently experiencing challenging economic conditions characterized by high inflation at 9.2% and unemployment rising to 3.7%. In addition, the rate of domestic production has decreased by -0.3%, which indicates a decrease in overall economic growth. However, this trend may be reversed through a combination of measures, including interest rate hikes, increased exports relative to imports, and other strategic fiscal decisions.
Technical analysis:
Our technical analysis shows that the recent price drop and increased demand for USD has put significant selling pressure on the market, potentially leading to a break of support once again. After a correction in this area, we expect the next bearish movement to commence.
Targets: 1.20
Targets:1.19
Targets:1.8500
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The UK is currently experiencing challenging economic conditions characterized by high inflation at 9.2% and unemployment rising to 3.7%. In addition, the rate of domestic production has decreased by -0.3%, which indicates a decrease in overall economic growth. However, this trend may be reversed through a combination of measures, including interest rate hikes, increased exports relative to imports, and other strategic fiscal decisions.
Technical analysis:
Our technical analysis shows that the recent price drop and increased demand for USD has put significant selling pressure on the market, potentially leading to a break of support once again. After a correction in this area, we expect the next bearish movement to commence.
Targets: 1.20
Targets:1.19
Targets:1.8500
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my idea."
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.