GBPUSD continues its series of gloomy trading days

27 Eyl 2023

Brian, greetings to all of you. Today, the British pound (GBP) continues its five-day decline as the UK economy faces the possibility of a recession due to worsening labor market conditions and weak demand prospects. The GBP/USD pair is expected to suffer more losses as the Bank of England (BoE) pauses its interest rate tightening cycle, increasing consumer inflation expectations.

At the time of writing, GBPUSD is trading at 1.215, down 0.06% for the day.
Resistance levels: 1.238; 1.227.
Support levels: 1.204; 1.195.

27 Eyl 2023

Not

good luck

28 Eyl 2023

Not

GU continues to decline deeply