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GBP/USD continues to fall

Arron Morris Currency Broker - GBP/USD continues to fall Written by
Arron Morris
Senior Currency Broker
T: 01442 892 065

Today has seen the GBP/USD cross fall yet again, with the currency pair falling to a fresh eight week low of $1.2111.

Despite the Brexit bill being passed last night and the government stating they will trigger Article 50 by the end of the month, the pound has been unable to hold on the gains it made against the dollar during yesterday’s trading session.

GBP/USD exchange rate graph

GBP/USD exchange rate graph

With the Dutch elections and Federal Reserve interest rate decision taking place tomorrow, it would seem investors have been heading into the dollar over the course of the day.

And we could see further gains for the dollar tomorrow evening if the Federal Reserve announce another rate increase and provide clues over the pace of future hikes.

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Arron Morris
Senior Currency Broker
T: 01442 892 065

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