RSS GBP/USD: Hits New Multi-Month Low, Bears Eye 1.20 Zone Targets

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 RSS GBP/USD: Hits New Multi-Month Low, Bears Eye 1.20 Zone Targets

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Cable fell to 14-month low on Thursday morning, as steep bear-leg off 1.2575 lower top extends into third straight day. Strengthening dollar, crisis about Britain’s fiscal outlook and uncertainty over Trump’s tariff plan, were the key contributors to pound’s latest weakness. Bearish technical picture on daily chart, as well as a number of weekly MA […]

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