GBP/USD appears to pause its recovery from two-month lows of 1.3424 in early Asian dealings on Monday, |
GDP/USD in particular, the pair is falling nearly 200 pips from Monday’s open, which would mark its worst week since August. |
GBP/USD continues its attempts to settle below 1.3500 while the U.S. dollar is flat against a broad basket of currencies. |
The GBP EUR exchange rate was slammed lower after the Bank of England failed to raise rates at the November meeting. |
GBP/USD moved aggressively lower last week, breaking below of 1.3569 and 1.3544. These levels may offer pivot point |