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Nov 26 - 07:55 AM

GBP/USD - Counters But Strong Headwinds To Slow Gains

By Peter Stoneham  —  Nov 26 - 05:49 AM
  • Sterling bounces off a new 2021 low and looks to be gaining traction

  • Potential for a reversal of the recent 1.3415-1.3278 drop

  • However, the pound faces headwinds that are likely to limit recovery

  • Lagging growth recovery, migrant issue, Fench fishermen blockade threat

  • Confusing BoE policy stance also weighing on cable ahead of Dec BoE decision

  • Concern for domestic growth also overshadowing BoE rate hike expectations

  • GBP levels to watch 1.3330 minimum corection nL1N2SH0IT

    For more click on FXBUZ

GBP/USD daily candle chart: Click here

Refinitiv IFR Research/Market Commentary


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