GBP/USD – Is the correction over?


The first debate in the British Parliament came and went and perhaps the correction in GBP/USD followed.

Cable is hanging around 1.22 after a roller-coaster. The pair had already dipped to the 1.20 handle before climbing back up, but now it’s down.

With a dollar-positive outcome from the meeting minutes and ongoing worries about Brexit, there’s room for further fall.


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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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