May 23, 2019 BY Mariela Naydenova
GBPUSD: Pound Sterling Drops to New Monthly Low, Could Reach 2018 Low
The following guest post is courtesy of ATFX Global Chief Market Strategist Alejandro Zambrano. Earlier yesterday, the British Pound slid to a new multi-month low, and it is now trading decidedly lower than its January 1 open price of 1.2754. I think that the price is short-term oversold, but the technical and macroeconomic outlook suggests that…
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