Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Analyst: Bleak UK Economic Outlook Makes it Difficult for Pound to Recover from Pullback

Golden Ten Data, December 27th, News: Freelance analyst Michael Houston stated in a report that due to the bleak outlook for the UK economy, the pound is struggling to recover from its recent pullback against the US dollar. The GBP/USD exchange rate reached a peak of 1.3435 in September and has since been falling. Houston said that the GBP/USD exchange rate has failed to rebound above the 200-day simple moving average of around 1.2825. We need to see the exchange rate rise above this long-term average level to achieve stability. Otherwise, if it falls below 1.2480, it may return to recent lows or even fall to around 1.2000. He also mentioned that the performance of GBP/EUR is relatively better, but this is because the problems in the euro zone are much more serious than those in the UK.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)