Steep fall extends into fifth straight day, with the pair falling nearly 4% in past as sterling remains under increased pressure from risk aversion and growing geopolitical tensions, while negative economic data warn that the UK economy is likely to slow significantly this year. Fresh extension lower, following Tuesday’s 1.3% drop, establishes below 1.2600 handle, […]
The post GBP/USD Outlook: Cable Continues to Trend Lower as Geopolitical Tensions Rise appeared first on Action Forex.
Against the backdrop of military developments in the Middle East, the situation in the oil market is evolving rapidly. Only two days have passed since 9 March, when we published a morning analytical note in Read more…
GBP/USD rose to 1.3450 on Wednesday. Expectations of de-escalation in the Middle East supported the pound, as lower oil prices reduced inflationary risks for the British economy, which is heavily dependent on energy imports. Despite Read more…
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