Can the pound recover after the massive sell-off, or will political and energy-sector pressures reminiscent of the 2022 crisis drive the pair to new lows? Let's examine the key factors shaping the outlook and develop a trading plan.
Can the pound recover after the massive sell-off, or will political and energy-sector pressures reminiscent of the 2022 crisis drive the pair to new lows?
Let's examine the key factors shaping the outlook and develop a trading plan.
Short trades on the GBP/USD pair can be opened with targets of 1.3150 and 1.3025.
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Can the pound recover after the massive sell-off, or will political and energy-sector pressures reminiscent of the 2022 crisis drive the pair to new lows? Let's examine the key factors shaping the outlook and develop a trading plan. Short trades on the GBP/USD pair can be opened with targets of 1.3150 and 1.3025.
Major Takeaways PMI points to a slowdown in GDP. The likelihood of a Bank of England rate hike is lower than the Fed's. Political and energy-related issues are putting pressure on the pound.
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