Sunday , 9 March 2025
Home Forex GBP/USD: Sharp drop in GBP has scope to extend – UOB Group
Forex

GBP/USD: Sharp drop in GBP has scope to extend – UOB Group

Sharp drop in GBP has scope to extend; the 1.2245 level is expected to provide support. In the longer run, GBP is likely to trade with a downward bias towards 1.2245, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Newsquawk Week Ahead: Week Ahead: US CPI, UoM, BoC, UK GDP and Norwegian CPI

Mon: Eurogroup Meeting, Norwegian CPI (Feb), EZ Sentix Index (Mar), Japanese GDP...

It gets even worse for Canada as China puts on tariffs

Politics and diplomacy can be an amazing thing. Sometimes when you're in...

FX Weekly Recap: March 3 – 7, 2025

It was a jam-packed trading week as top-tier economic data, an ECB...

Global Market Weekly Recap: March 3 – 7, 2025

The start of higher U.S. tariffs on Canada and Mexico weighed heavily...