GBP/USD: Downside bias remains well in place – UOB
In opinion of FX Strategists at UOB Group, cable remains poised for further weakness and
Financial and Business News
In opinion of FX Strategists at UOB Group, cable remains poised for further weakness and
GBP/USD may print fresh 52-week lows on likely stagflation in Europe. The DXY is lackluster
Cable is battling to defend 1.31. Economists at Société Générale expect the GBP/USD pair to
GBP/USD has declined toward key 1.3160 support early Monday. Next bearish target for the pair
GBP/USD is drifting towards the low of December at 1.3160 – removal of which would
UK Final Services PMI downwardly revised to 60.5 in February. GBP/USD remains below 1.3400 on
GBP/USD has faced selling pressure after breaking below the 1.3350 support area. The pair is
GBP/USD witnessed some selling for the second successive day amid sustained USD strength. The worsening
GBP/USD has climbed back above 1.33 recovering from a marginal new low for the year
Bank of England's Michael Saunders says vote for a 50bp hike in February "does not