Currency of the week: GBP/USD: as politics get messy, reality could begin biting
|The fall of cable is not solely the outcome of the hawkish Fed. The back and forth on the Brexit Bill as well as some worrying signs about consumption. Is the weak pound taking its toll? If so, we are seeing a vicious cycle. After explaining the reasons for the fall, we move to discussing the next big events and the charts.
Watch full analysis: Europe Market Open: Dollar dominates - but are markets getting ahead of themselves?
Video brought to you by FxPro
Information 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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.