Special report: GBPUSD and the Next Levels of Support
Last week, the Pound squeaked out a fresh 2018 low against the US Dollar below the August low, before quickly bouncing. But with the Pound now making a clear break below 1.2660, extending the 2018 run of declines, we thought it would be important to highlight the next key levels to watch below.
Next 24 hours: Pound Extends 2018 Decline
The week kicked off with the focus on less favourable US Dollar yield differentials in the aftermath of Friday's less than impressive US jobs report, before the focus quickly shifted to Brexit and the free falling Pound. News of a delay to the vote on Theresa May’s deal was not well received, fuelling the latest round of selling.