GPB/USD
The British currency will be determined by economic dynamics and
monetary policy in the long term. It
is unlikely that the government will be able to cause serious damage to the
economy, and the Bank of England will be forced to maintain the status quo
while other central banks will raise its rates. The
contrast between the policy of the Bank of England and the FED and ECB can tie the British currency to
the current levels for a long time. From
a technical point of view today's low of 1.2705 is not bad support, but the
next support is even lower, at the March highs of 1.2615, and after it - 1.2365. The resistance level is
at 1.2785, 1.2980 and 1.3050.
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