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Death Cross Forming in GBP/USD?

Scandinavian Capital Markets

GBP/USD slipped in early trading on Friday, after UK Final Services PMI missed analyst expectations, coming in at 34.5. The pound fell sharply against the dollar in early March as investors sought the greenback for its liquidity and safe haven status. Sterling rebounded on March 20th, after the Federal Reserve had cut interest rates to a range of 0.00% to 0.25% and restarted quantitative easing with the purchase of $500 billion in treasuries and $200 billion in mortgage-backed securities on March 15th.

Scandinavian Capital Markets Review

Source: https://scandinavianmarkets.com/trading-news/death-cross-forming-in-gbp-usd/
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