GBPUSD MARKET UPDATE :GBP/USD eyes levels not seen since 1985 when the pair hit an all-time low of 1.0520 – MUFG.

0
210
GBPUSD MARKET UPDATE.

GBPUSD MARKET UPDATE

GBP/USD eyes levels not seen since 1985 when the pair hit an all-time low of 1.0520 – MUFG

GBPUSD MARKET UPDATE :GBPUSD has broken below the 1.1406 low, and economists at MUFG Bank see that as a sign that the pair could nosedive towards the all-time low of 1.0520.

Bleak UK economic outlook

GBPUSD MARKET UPDATE :“GBP/USD has further to fall in circumstances of increased financial market volatility given the UK’s budget + current account deficit combined is set to head toward an eye-watering 15% of GDP downside GBP pressure will persist.”

“A break below the low of 1.1406 will take us to levels not seen since 1985 when GBP/USD hit an all-time low of 1.0520.”

Confuse Which Broker is best ? , Here you can find the best regulated broker

 

LEAVE A REPLY

Please rate*
Please enter your comment!
Please enter your name here