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GBP/USD Nears Critical Support Levels

Scandinavian Capital Markets

Cable fell to fresh 5-month lows in Monday trading. The pair bounced early in the session, following the Federal Reserve’s emergency decision on Sunday to slash interest rates to near zero. Last week, GBP/USD experienced a devastating series of losing days while global equity markets crashed and investors sought shelter in the greenback, the world’s most liquid currency.

Scandinavian Capital Markets Review

Source: https://scandinavianmarkets.com/trading-news/gbp-usd-nears-critical-support-levels/
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