The sterling pound (GBP) is under a slight bearish pressure against the US dollar (USD); It is expected to fall slightly, but any fall is probably limited to a 1,2880 test. In the long term, current price movements are probably part of a negotiation phase in the range, which is expected to be between 1,2850 and 1,3050, the FX analysts of UOB Group, quek being Leang and Peter Chia.
GBP is under mild bearish pressure
24-hour view: “GBP fell to 1,2886 yesterday, closing slightly lower in 1,2918 (-0.10%). The price action has resulted in a modest increase in the bearish momentum. Today, we hope that GBP low threatened.
View 1-3 weeks: “Our most recent narrative was last Friday (March 28, Spot in 1,2950), where ‘current price movements are probably part of a phase of negotiation in the range, which is expected to be between 1,2850 and 1,3050.’ There are no changes in our opinion. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
