Open Demo Account
Home / Market Update / Forex Market / GBP/USD Declines Despite Dollar Weakness

GBP/USD Declines Despite Dollar Weakness

M. Ali 20 October, 2020 10:16 pm Forex Market, Market Update

The British Pound (GBP) is declining against the US Dollar (USD) on Tuesday despite the later showing weakness across the board.

This comes amid Brexit uncertainty and worries about the second wave of the Coronavirus (COVID-19) pandemic.

The GBP/USD is trading lower for the day by 0.04% at 1.2943.

The pair has been moving today in a range between 1.2911 and 1.2979, after closing Monday at 1.2948.

Support Levels: 1.2890 – 1.2830 – 1.2763

Resistance Levels: 1.3017 – 1.3084 – 1.3144

Tags

Check Also

Nasdaq Futures Sink as Broadcom Misses Sky-High Bar: Iran Peace Flickers as Trump Sets No-Kill Red Line

Key Takeaways Nasdaq futures plunge 1.1%: Broadcom’s earnings disappointment sent Nasdaq 100 futures down 339 …

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