GBPUSD is at a disadvantage and has not recovered strongly

Let's explore the GBPUSD market with Selena, shall we?
Last Friday, GU experienced a slight recovery after a prolonged decline over the past few months, closing at 1.220. However, this currency pair still faces difficulties under the weight of a significant downtrend.
Furthermore, inflation remains a hot topic for the Bank of England (BoE), and the UK may have no choice but to continue dealing with high interest rates. With prices exceeding BoE's target, cutting interest rates remains a distant dream for market investors. This is seen as a disadvantage for GBPUSD, causing it to continue its downward trajectory into deeper lows.
Last Friday, GU experienced a slight recovery after a prolonged decline over the past few months, closing at 1.220. However, this currency pair still faces difficulties under the weight of a significant downtrend.
Furthermore, inflation remains a hot topic for the Bank of England (BoE), and the UK may have no choice but to continue dealing with high interest rates. With prices exceeding BoE's target, cutting interest rates remains a distant dream for market investors. This is seen as a disadvantage for GBPUSD, causing it to continue its downward trajectory into deeper lows.
Nota
What do you think about the market in the future? Cmt let Selena know!Nota
good luck everyone !Nota
New week begins, trading ready for action. The first signs this week are still bearish, speculation may arisePenerbitan berkaitan
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.