Pound takes another hit The pound has just set a new interim | Market-Chatter|Libertex
Pound takes another hit
The pound has just set a new interim low. The GBP/USD has now fallen closer to 1.35. It closed yesterday at 1.3537 after what had been an almost 200 pip drop from high to low on the session. The price has now fallen again as the EUR/GBP lifts off session lows and rises back towards the noted technical resistance level at 0.8648. The further drop in the GBP/USD has probably helped to lift the FTSE100, where that was not priced to do so ahead of the opening. The GBP/USD is currently testing at 1.35 level and it remains to be seen if it can garner any support at that important level. The low so far has been set at 1.3504. It is currently trading at 1.3506 as the EUR/USD finally takes out the previous 2021 low at 1.1664
83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing you...
