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GBP/USD extends to four consecutive days its losses hovers around 1.3330s...

Today News: GBP/USD [25 Nov 2021] - FXsources


GBP/USD extends to four consecutive days
its losses hovers around 1.3330s

The British pound continues its free-fall, down for the fourth

day, reaching a new year-to-date low around 1.3324


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GBP/USD at YTD lows as US dollar hits 16

The market is now pricing in the potential for three or more interest

rate increases from the Fed by the end of next year!


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GBP/USD stays pressured around yearly low

GBP/USD grinds lower around the yearly bottom surrounding

1.3320 amid the initial Asian session


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GBP/USD extends to four consecutive days its losses

GBP/USD extends to four consecutive days its losses

hovers around 1.3330s ahead of FOMC minutes


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No hurdles in sight on the way to
the 1.3150 support zone

GBP/USD seems to have gone into a consolidation phase

below 1.3400 following a three-day decline.


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GBP/USD to suffer further falls to
the 1.3300/1.3250 zone

GBP/USD stays depressed below 1.3400. Economists

expect the cable to continue its move down


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Limited correction may precede
bearish continuation

Cable is trading within a narrow range in early Wednesday

after hitting new 2021 low (1.3342)


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Next on the downside comes 1.3300

Cable is poised to extend the downside in the short-term

horizon, noted FX Strategists at UOB Group.


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