Fri, 01 Jul 2022 09:50:57 GMT
GBP/USD reaches new low level
Despite a surge and breaking of resistance levels at mid-day on Thursday, the GBP/USD has declined. The surge occurred due to the lower than forecast US Core PCE inflation data, which caused a seven-hour surge. However, afterwards the pair resumed to decline. By the middle of Friday's trading, the pair had reached back below 1.2100.
If the rate extends its decline,