#GBPUSD @ 1.18066 -imp levels: : Break below the low from July of 1.1760 to open up the 1.15 mark – MUFG

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GBP/USD is back below 1.20 and heading to new lows. Economists at MUFG Bank note that the 1.15 could be in sight on a break under the low from July at 1.1760.

“We are close to hitting our end-Q3 GBP/USD forecast of 1.1790 and we certainly expect levels below that over the near-term. We also expect the low from July of 1.1760 to break.”

“Covid-19 lows just below 1.1500 would be next in sight.”

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