- Analytics
- News and Tools
- Market News
- GBP/USD: Beware any Brexit bounce – TDS
GBP/USD: Beware any Brexit bounce – TDS
FXStreet reports that economists at TD Securities see scope for a bit more of a sterling squeeze but it will remain limited.
“Brexit risks are back in the frame, while the UK economy is in a very perilous position. The UK was one of the last in the region to go into lockdown and has taken only tentative steps to emerge. This suggests a protracted period of recovery.”
“We think GBP/USD might struggle above 1.2180 and think the 1.2240/60 area should provide a fairly solid ceiling.”
“Looking lower, we are keeping an eye on 1.1973 as our next target ahead of our initial take-profit level of 1.1850.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
