The British Pound may again enter a phase of fall

16 July 2021 271
Load the latest quotes
Full screen

Data about UK labour and employment have been published this week showing that the unemployment rate is growing in the light of contracting GDP and falling retail sales. The economy might be heated by relaxing monetary policy, but the growing inflation is likely not to allow the Bank of England to soften its stance.

Technically, the pound is also starting to draw a reversive shape.

Thus, let’s count on a fall in the exchange rate in relation to, first of all, the American Dollar and Swiss Franc.  

This content is for informational purposes only and is not intended to be investing advice.

New Popular
Commenting rules

Subscribe to our newsletter and stay up to date with all the news!