The GBPUSD has fallen below the 1.25000 mark again and is challenging important support levels which could trigger speculative interest in the near term-
The GBP/USD has fallen below the 1.25000 mark again and is challenging important support levels which could trigger speculative interest in the near term.. GDP numbers last week showed that U.K. growth statistics are facing recessionary pressures and this likely was the cause for theto quickly nosedive last week. However as this week of trading opened, financial institutions were also keenly aware that U.S. economic data isn’t particularly great either.
The choppy saga for the GBP/USD did not end there because since hitting Wednesday’s high, the Forex pair has stumbled lower again and as of this writing is near 1.24450 which is within sight of intriguing support levels.
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