Freelance Analyst Michael Hewson stated in a Research Report that due to the bleak economic outlook in the United Kingdom, GBP/USD is struggling to recover from its recent decline. GBP/USD reached a peak of 1.3435 USD in September and has since fallen. The latest drop for GBP/USD is 0.1%, now at 1.2511 USD. Hewson pointed out that GBP/USD has failed to rise above the 200-day moving average (currently at 1.2825 USD). "GBP/USD needs to rise above this long-term average to stabilize; otherwise, it could drop below 1.2480 USD, further testing recent lows, and could potentially fall to around 1.2000 USD." He stated that the British Pound is performing better against the Euro, but this is because the issues in the Eurozone are much more severe than in the United Kingdom. EUR/GBP is flat at 0.8325 GBP.
机构：英镑上涨乏力 因英国经济前景不佳
Institutions: The British Pound shows weak upward momentum due to the poor economic outlook in the United Kingdom.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Hot News
Updated