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Mar 13 - 03:48 PM

GBP/USD - Lower Still, Pair Plumbs New 5-Month Low Amid Virus, Trade Fears

By Paul Spirgel  —  Mar 13 - 02:50 PM
  • GBP/USD remains offered dips to 1.2279 low into Friday close, regains 1.2300

  • No dearth of reasons for fall, low growth, rates & EU-UK trade uncertainty

  • Below Fri's 1.2279 low bears eye 1.2196, Oct 8 2019 low & 1.1959 Sep 3 low

  • Former supt lvls now res: 1.2442 wkly cloud base, 1.2599 lwr 30d Bolli

  • UK-EU trade talks resume next wk; level playing field & fishing rights in spotlight nL8N2B63II

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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