Pound Fell Too Fast: Likely to Rebound

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2019/05/f-gbp112.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/uploads/2019/05/f-gbp112.jpg 612w, https://www.actionforex.com/wp-content/uploads/2019/05/f-gbp112-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>The British Pound lost ground against the Dollar for the fifth consecutive session, falling below the 1.2200 level. GBPUSD is down 4% since the beginning of the month, when pressure on the Pound intensified, and 7.3% from July’s peak. Fundamentally, the latest phase of the Pound’s sell-off is due to the Bank of England’s softer-than-expected […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/520357-pound-fell-too-fast-likely-to-rebound/">Pound Fell Too Fast: Likely to Rebound</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>