GBP/USD must hold the 200-DMA at 1.1926 to avoid deeper losses – SocGen GBPUSD Banks
Analysts at Société Générale discuss GBP outlook. The GBP/USD pair is not out of the woods yet.UK services PMI and optimism that inflation will fall sharply by the end of the year have caused the narrative on the pound to improve. GBP/USD is not in the clear however and must hold the 200-DMA at 1.1926 to avoid deeper losses which could still materialise in March.”
“The new deal between the UK and the EU on changes to the NI protocol will be signed but will not immediately translate into windfalls for the economy and the currency. It has no impact on theInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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