The British pound was dragged down by the Bank of England's pessimistic interest rate decision in November and started a downtrend for about two weeks. Mainly lies in the central bank’s view of the economic prospects (especially the employment situation is temporarily not satisfied with expectations), and although inflation remains high, the Bank of England has no intention of tightening or adopting an upward movement to contain inflation. More importantly, the central bank’s billing committee’s monetary policy was temporarily Unable to reach a consensus. After two weeks of weakness, the pound against the franc happened to come to another lower support level in the daily trend, and once this support level is lost, it is expected to further start the decline.
But for now, it is expected the price will rise around 1.269-1.27 first if it can break the first resistance at price level 1.25-1.251... Then after that will fall back again to the 1.235-1.233 challenge onto the lower support level...
But for now, it is expected the price will rise around 1.269-1.27 first if it can break the first resistance at price level 1.25-1.251... Then after that will fall back again to the 1.235-1.233 challenge onto the lower support level...