The British pound has tested 1.2677 last week and retreated from that level later. UK currency’s weakness can be explained by the rise of coronavirus infection cases in several US states and the growing fears about the Brexit.
We expect the currency pair to develop the downtrend targeting 1.2372 this week. However, there is another scenario in which GBP/USD is going to test 1.2677.
We expect the currency pair to develop the downtrend targeting 1.2372 this week. However, there is another scenario in which GBP/USD is going to test 1.2677.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.