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Global markets cheer Joe Biden’s victory as the USD falls – GBP/USD Market Outlook – 09/11/2020


While global markets cheer Joe Biden’s victory, President Trump’s lawsuits are trying hard to spoil the party. However, stimulus optimism triggered a broad USD weakness, pushing the Cable higher just below 1.32. Also favoring the upside could be Brexit optimism ahead of the key trade talks in the UK. In the meantime, a speech from the BOE Governor Andrew Bailey will also be important to watch. If the recent bullish momentum persists, then price will probably break above 1.32 heading towards 1.3260.

Support: 1.3160/ 1.3070
Resistance: 1.32/ 1.3260

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/global-markets-cheer-joe-bidens-victory-as-the-usd-falls-gbp-usd-market-outlook-09-11-2020
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