GBP/USD - Short Sell Fundamental and Technical Set Up Update
The Pound has extended its weakness against the U.S Dollar as the UK economy slips closer to a recession.
The UK cost of living crisis, which is down to high energy prices, rising taxes, and now higher interest rates is increasing the public mortgage, credit cards, car loans, student debt and other debt payments, causing investors to question the amount of interest rate hikes the Bank of England can deliver without causing a recession.
I break this down in more detail in the video.
The UK cost of living crisis, which is down to high energy prices, rising taxes, and now higher interest rates is increasing the public mortgage, credit cards, car loans, student debt and other debt payments, causing investors to question the amount of interest rate hikes the Bank of England can deliver without causing a recession.
I break this down in more detail in the video.
Kayan Kalipha
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