Market news
29.03.2021, 10:17

GBP/USD to slump to the 1.367- mark as Brexit reality looms - OCBC

FXStreet reports that analysts at OCBC Bank note that the removal of the Brexit weight plus the successful vaccination drive had driven the GBP higher. However, the latest trade prints are reminding of Brexit’s negative realities, and the vaccination positives must fade eventually as Europe and ROW catch up.

“The GBP/USD’s recovery stalled at the 1.3800 resistance.” 

“As the positives from the vaccination drive fade, more attention will be placed back on the post-Brexit realities. This leaves us tempted to explore tactical shorts on this pair, targeting the previous low at 1.3670.”

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