The current price for GBPMYR is British pound and Malaysian Ringgit RM5.8511 per 1 British pound as of 8th December 2023.
There is only 23 days left in 2023 and the Pound will most likely fall to RM5.6946 level or near this level since the UK CPI reading in 2022 high at 11% has drop to 4.6% last month. The BOE has a hawkish pause in their last meeting, suggesting...
The British Pound has been on a bearish trend since 5.37. The pound has hit a fibonacci retracement of 38.2% from 5.14, indicating a strong bearish trend. If the ABCD pattern completes, the price target for GBPMYR is 4.90, also hitting a major support level.
