Pound Sterling Price News and Forecast: GBP/USD is recording losses of 0.98%
|GBP/USD struggles to defend 1.2350 as Brexit woes join flight to safety
GBP/USD remains pressured around 1.2350, following the heaviest daily fall in a fortnight, as traders seek fresh clues during Thursday’s Asian session. Even so, downbeat headlines concerning Brexit and a broad risk-off mood keep sellers hopeful.
GBP/USD Price Analysis: Struggles at 1.2490s and tumbles 100 pips as bears regain control
The GBP/USD snaps three days of gains and is losing close to 1% during Wednesday’s session on a dampened mood in the financial markets, despite higher than expected inflation reported from the UK. At 1.2365, the GBP/USD reflects a drop of more than 100 pips and almost a full reversal move from Tuesday.
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.