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Sterling May Show Some Strength
At the end of last week's trading, the price of the GBP/USD pair tried to rebound higher to compensate for its losses in the same week. Recently, it has reached the support level of 1.2535, and the gains of Friday's rebound reached the resistance level of 1.2624 before closing trading around the 1.2599 level. So far, the US dollar remains the strongest against the rest of the other major currencies in light of the strong performance of the US economy despite the tightening policy of the US Federal Reserve. The British pound is expected to resume its run as one of the best-performing currencies this year despite the ... (full story)
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From @financialjuice|Feb 19, 2024|2 commentspost:
BUNDESBANK: GERMANY LIKELY IN RECESSION NOW ON WEAK EXTERNAL DEMAND, MUTED CONSUMPTION AND CAUTIOUS INVESTMENTS.
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- Posted: Feb 19, 2024 6:39am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 2,861
