The last few days have seen a weakening of the pound against the dollar which is now around $1.25. How low can the pound go? This seems to be having an artificial impact on the UK FTSE 100 index especially for companies with US exposure.
Yesterday if look on gbpusd movement has occured larger movement if compared previous daily, which gbp strongest than usd and making gbpusd move uptrend on few hours, but now seems this pair on consolidation phase and occur retracement
It’s unpredictable actually as inflation is taking a root in world economy. While trading, we mostly prefer looking at indicators but we don’t know that candlesticks’ shape and sizes foretell us the market’s direction. Eurotrader provides signals on and off to help traders in earning more.
