GBP/USD fell for a fifth consecutive session crashing below 1.30 for the first time in nearly a month, as the Bank of England fell short of its target to buy more than a billion Pounds of long-term debt on Tuesday, as it resumed a comprehensive Quantitative Easing program in its first attempts to manage the fall-out from June's historic Brexit decision.
The currency pair traded between 1.2957 and 1.3032, before closing the U.S. afternoon session at 1.2997, down 0.32%. The British Pound has now erased all of its gains from last Tuesday's session when it surged more than 1.5% to an intraday high of 1.3366, its highest level in more than two weeks. The Pound Sterling is now approaching 31-year lows from early-July when it fell to 1.2796 in the wake of the historic Brexit referendum.
For more information visit website of Epic Research.
The currency pair traded between 1.2957 and 1.3032, before closing the U.S. afternoon session at 1.2997, down 0.32%. The British Pound has now erased all of its gains from last Tuesday's session when it surged more than 1.5% to an intraday high of 1.3366, its highest level in more than two weeks. The Pound Sterling is now approaching 31-year lows from early-July when it fell to 1.2796 in the wake of the historic Brexit referendum.
For more information visit website of Epic Research.
GBP/USD falls to near 1-month lows
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