GBP/USD - Short Sell Fundamental and Technical Set Up
The British pound continues to come under selling pressure as the UK grapples with high inflation, caused by high energy prices, supply chain issues, and a cost of living crisis forcing consumers to lose confidence in their future economic prospects and drastically cut back on spending.
The UK economy is expected to fall into a recession, whilst a recession in the US is still under debate given the strength in the labor market.
I am looking at taking a short sell position below $1.28 on the exchange rate.
The UK economy is expected to fall into a recession, whilst a recession in the US is still under debate given the strength in the labor market.
I am looking at taking a short sell position below $1.28 on the exchange rate.
Kayan Kalipha
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