- GBP/USD: Four days of consecutive losses are showing scant signs of slowing or reversing – Scotiabank
Market news
9 tháng 11 2023
GBP/USD: Four days of consecutive losses are showing scant signs of slowing or reversing – Scotiabank
Sterling is a little lower in the session. Economists at Scotiabank analyze GBP outlook.
Cable retains a heavy technical tone
Four days of consecutive losses for the GBP are showing scant signs of slowing or reversing.
The GBP/USD pair retains a heavy technical tone on the intraday chart and bullish trend momentum has faded sharply since the start of the week to sit near neutral.
Support at 1.2245/1.2250, ahead of 1.22, needs to hold. Resistance is 1.2310.
See: Additional GBP downside into year-end – CIBC
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