GBP/USD: Sterling Hit Further by Weak UK GDP Data, But Key Support Still Holds

<p>GBPUSD was down over 40 pips this morning in immediate reaction to weaker than expected UK GDP data. The price fell to the lowest in more than three months, attempting to break out of the recent four-day consolidation and pressuring pivotal 200DMA support. The data released earlier this morning showed that Britain’s economy contracted at […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/518469-gbp-usd-sterling-hit-further-by-weak-uk-gdp-data-but-key-support-still-holds/">GBP/USD: Sterling Hit Further by Weak UK GDP Data, But Key Support Still Holds</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>