Singapur United Overseas Bank: Pound May Continue to Decline Against the Dollar

Golden Ten Data January 9th news, Quek Ser Leang, market strategist of the Global Economics and Market Research Department of Singapore’s Dahua Bank, said that from the weekly chart, the British pound against the US dollar may continue to fall. With the 21-week moving average falling below the 55-week moving average, it is expected that the British pound against the US dollar will continue to decline in the coming weeks. He added that the important weekly support level is located at the September 2023 low of 1.2039.

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