Market news
23.02.2021, 10:40

GBP/USD to move back below 1.40 if bulls book some profits – DBS Bank

FXStreet reports that economists at DBS Bank discuss GBP/USD prospects. 

“At this level, GBP appears overbought. Apart from a Relative Strength Index reading around 74, GBP is around the top of an ascending price channel established after the November US elections.” 

“While UK research showed that the vaccines sharply reduced hospitalisation and transmissions, Prime Minister Boris Johnson has decided to go slow on easing lockdowns which will be carried out in four stages between 8 March and 21 June.” 

“With the UK economy slow to emerge from the pandemic in 1H21, GBP could return below 1.40 again if the bulls decide to book some profits.”

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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 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

Live Chat E-mail
Choose your language / location