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GBP/USD Suffers Another Manic Monday
This Monday was no exception with the pair closing nearly half a percentage lower on the day as rising geopolitical tensions related to the Ukraine put severe strain on risk assets globally. Weaker-than-expected flash UK January PMI survey results didn't lend much support to the pound. Nor has the scandal around Boris Johnson's premiership or post-Brexit tensions between the UK and EU over Northern Ireland. GBP/USD after a brief dalliance below, is now primed to retest the 1.34710 -1.34528 resistance now turned support established weeks prior. The latest price action represents a dramatic U-turn in the pounds ... (full story)
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- Jan 25, 2022 10:36am Jan 25, 2022 10:36am
- JotaP
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- Edited 12:47pm Jan 25, 2022 12:34pm | Edited 12:47pm
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Follow your guts, if you want to lose your money...