#GBPUSD @ 1.13376 to tick down but unlikely to dive below the 1.05-1.07 support zone – Standard Chartered
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
How likely is it for GBP/USD to break below parity? Economists at Standard Chartered expect cable to edge lower but remain above the 1.0500-1.0700 area.
“While upward momentum could see a retest of 1.14 and even 1.16 over the next few days, we expect cable to edge lower in the coming weeks, with 1.0700 and 1.0500 as key near-term supports.”
“Disappointment on potential rollback or budget proposals could raise the risk of a test of parity, but we believe GBP/USD may struggle to break below the 1.0500-1.0700 region where it should stabilise.”
[/s2If]
Join Our Telegram Group
