Pound Fell Too Fast: Likely to Rebound

The British Pound lost ground against the Dollar for the fifth consecutive session, falling below the 1.2200 level. GBPUSD is down 4% since the beginning of the month, when pressure on the Pound intensified, and 7.3% from July’s peak. Fundamentally, the latest phase of the Pound’s sell-off is due to the Bank of England’s softer-than-expected […]

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