Cable remains at the back foot following Wednesday’s brief probe below 2020 low (1.1410) that posted new lowest since 1985. Subsequent bounce left Hammer candlestick, generally bullish signal, which so far did not provide any positive reaction, as the outlook for pound remains increasingly bearish. Markets will closely watch the first steps of new UK […]
The post GBP/USD: Sterling Consolidating Above New Multi-decade Low appeared first on Action Forex.