26 Sep 2022
Breaking: GBP/USD slumps to fresh 37-year low under 1.0800 on broad US dollar strength
- GBP/USD extends Friday’s south-run to refresh multi-year low.
- Discomfort in UK Chancellor’s latest speech, fears of recession weigh on the pair.
- Uncertainty surrounding BOE’s next move versus hawkish Fed pleases sellers.
- Risk catalysts are the key for immediate directions, counter-trend traders may seek opportunities but should remain cautious.
More to come