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British Pound Forecast: GBP/USD Susceptible to Test of September Low
video GBP/USD slipped to a fresh monthly low (1.3022) after struggling to hold above the 50-Day SMA (1.3107), but lack of momentum to test the September low (1.3002) may keep the exchange rate within a defined range. British Pound Forecast: GBP/USD Susceptible to Test of September Low GBP/USD may no longer track the positive slope in the moving average as the Bank of England (BoE) shows a greater willingness to further unwind its restrictive policy, and data prints coming out of the UK may sway the central bank plans to ‘decide the appropriate degree of monetary policy restrictiveness at each meeting.’ Even ... (full story)
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- Posted: Oct 14, 2024 5:47pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,912
