Open Demo Account
Home / Market Update / Forex Market / GBP Declines on USD Strength and Brexit Uncertainty

GBP Declines on USD Strength and Brexit Uncertainty

M. Ali 13 October, 2020 9:23 pm Forex Market, Market Update

The British Pound (GBP) declined against the US Dollar (USD) on Tuesday, following four consecutive rises, as the USD rose supported by inflation data, while the GBP remains impacted by Brexit trade talks uncertainty.

The GBP/USD is down by 0.82% for the day at 1.2957.

The pair has been moving in a range between 1.2950 and 1.3072, after finishing Monday at the level of 1.3064.

Support Levels: 1.2990 – 1.2967 – 1.2928

Resistance Levels: 1.3052 – 1.3091 – 1.3114

Tags

Check Also

Gold Slips but Heads for Weekly Gain as Dovish Fed Boosts Metals; Silver Holds Near Record Highs

Gold prices edged lower in Asian trading on Friday, pausing after a sharp week-long rally …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends