Economists at TD Securities see scope for a bit more of a sterling squeeze but it will remain limited. Key quotes “Brexit risks are back in the frame, while the UK economy is in a very perilous position. The UK was one of the last in the region to go into lockdown and has taken only tentative steps to emerge. This suggests a protracted period of recovery.” “We think GBP/USD might struggle above 1.2180 and think the 1.2240/60 area should provide a fairly solid ceiling.” “Looking lower, we are keeping an eye on 1.1973 as our next target ahead of our initial take-profit level of 1.1850.” 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 S&P 500 Price Analysis: US Stocks en route to the 3000 mark FX Street 2 years Economists at TD Securities see scope for a bit more of a sterling squeeze but it will remain limited. Key quotes “Brexit risks are back in the frame, while the UK economy is in a very perilous position. The UK was one of the last in the region to go into lockdown and has taken only tentative steps to emerge. This suggests a protracted period of recovery.” “We think GBP/USD might struggle above 1.2180 and think the 1.2240/60 area should provide a fairly solid ceiling.” “Looking lower, we are keeping an eye on 1.1973 as our next target ahead of… 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.
