Forex Signal For GBP/USD: Sterling Continues to Drop Ahead of Fed, BoE
Forex Signal For GBP/USD: Sterling Continues to Drop Ahead of Fed, BoE
The
GBP/USD price continued to rise as investors reflected on the new management in the UK.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,1850.
- Add a stop-loss at 1,1500.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Sterling Continues to Drop Ahead of Fed, BoE
Bear Market Outlook
- Take a sell stop at 1,1525 and a profit at 1,1450.
- Add a stop-loss at 1,1625.
The GBP/USD price continued to rise as it rose to 1,1613, its highest since Sept. 13 against the Rishi Sunak government.
It rose more than 12% from this month's low, making the pound the best performing G10 currency.
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