British Pound / U.S. DollarUpdated GBPUSD continues its series of gloomy trading days
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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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.