APosner
Short

gbp/usd headwinds ahead

FX:GBPUSD   British Pound/U.S. Dollar
103 0 4
The long-term downtrend resistance line has been approached and confirmed resistance. Price will move lower through the downsloping channel and bring lower prices for GBP/USD             .

If the UK chooses "Brexit", most analysts agree the Pound will lose 20% of its value almost immediately. Even if the UK doesn't "Brexit" lower prices are ahead. From a fundamental perspective economic news in the UK has been subpar. The PMI numbers for manufacturing, services and construction came in below expectations earlier in May and inflation recorded a lower than forecast number.

Although the BOE voted to leave rates at 0.5%, the currency will be out of favor moving forward.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out