The GBP/USD pair has breached key downside support and may extend the fall to the 1.3610/00 neighborhood, economists at OCBC bank report. Key quotes “The GBP/USD lost the 1.3800 support quickly overnight, and the initial attempt to retake it failed. This perhaps points to further downside, and the next target may be the 1.3600/10 area.” “Pace of vaccination in the UK is likely to slow, and this should lead to a partial reversal in GBP gains since 4Q 2020.” 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 USD/TRY: A break above all-time highs of 8.58 is on the cards – Credit Suisse FX Street 8 months The GBP/USD pair has breached key downside support and may extend the fall to the 1.3610/00 neighborhood, economists at OCBC bank report. Key quotes "The GBP/USD lost the 1.3800 support quickly overnight, and the initial attempt to retake it failed. This perhaps points to further downside, and the next target may be the 1.3600/10 area." "Pace of vaccination in the UK is likely to slow, and this should lead to a partial reversal in GBP gains since 4Q 2020." Top 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.
