Many technical tools are suggesting the recent drop this afternoon could continue into this evening however there are also many false flags we have to consider as we have yet to see any real downside consistency on the lower timeframes.
Recent fall in last hours have been due to the GBP unchanged after on-consensus—but dire—Q2 GDP print data with some reports coming tomorrow morning that could shift momentum into more positive light for the sterling.
Recent fall in last hours have been due to the GBP unchanged after on-consensus—but dire—Q2 GDP print data with some reports coming tomorrow morning that could shift momentum into more positive light for the sterling.