Commenting on the GBP/USD pair’s action earlier this week, “GBP/USD dropped to its lowest levels since November as the pound failed to hold its own against a wave of USD strength,” Rabobank analysts said. Key quotes ” It is our view that in the absence of a marked improvement in the news regarding coronavirus that the USD will retain its broad-based strength. That said, the outlook for GBP could reach various inflexion points this year which could spark sharp movements in the currency in either direction.” “It remains our central view that GBP/USD will struggle to regain a strong footing above the psychologically important 1.30 level on both a 1 and 3 month view as the EU/UK future relationship talks progress.” “While the debate about the economic outlook in the UK has heated up in the past couple of months, we suspect that politics will remain the primary driver of the pound in the coming months.” 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 AUD/USD Price Analysis: Aussie bounces from one-decade low FX Street 2 years Commenting on the GBP/USD pair's action earlier this week, "GBP/USD dropped to its lowest levels since November as the pound failed to hold its own against a wave of USD strength," Rabobank analysts said. Key quotes " It is our view that in the absence of a marked improvement in the news regarding coronavirus that the USD will retain its broad-based strength. That said, the outlook for GBP could reach various inflexion points this year which could spark sharp movements in the currency in either direction." "It remains our central view that GBP/USD will struggle to regain a strong footing above… 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.
