Wed, 24 Aug 2022 09:05:21 GMT
GBP/USD manages to recover above 1.1800
At mid-day on Tuesday, weakness of the US Dollar caused a surge of the GBP/USD currency exchange rate. The rate shortly traded above the 1.1850 mark, before declining. On Wednesday morning, the pair found support in the 50-hour simple moving average and the 1.1800 mark.
In regards to the near term future, a decline of the pair below 1.1800 could