GBP/USD has plunged to levels last seen in 1985. Jane Foley, a Senior FX Strategist at Rabobank, analyzes the cable’s outlook. Key quotes “Without doubt, the broad based strength of the USD is a large factor behind today’s plunge in the value of the pound.” “It is likely that the USD will remain strong until there are signs that the coronavirus crisis has been contained. That said, GBP has also lost ground vs. the EUR which is suggestive of intrinsic softness.” “It is likely that GBP/USD will experience a bounce when the crisis has peaked and when USD demand relaxes.” “We are forecasting cable at 1.19 on a 3 month view.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil: Several OPEC members calling for new action – ANZ FX Street 2 years GBP/USD has plunged to levels last seen in 1985. Jane Foley, a Senior FX Strategist at Rabobank, analyzes the cable’s outlook. Key quotes “Without doubt, the broad based strength of the USD is a large factor behind today’s plunge in the value of the pound.” “It is likely that the USD will remain strong until there are signs that the coronavirus crisis has been contained. That said, GBP has also lost ground vs. the EUR which is suggestive of intrinsic softness.” “It is likely that GBP/USD will experience a bounce when the crisis has peaked and when USD demand relaxes.” … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
