GBP/USD Outlook: Fresh Risk Mode Boosts Pound But Terrible UK GDP May Limit Recovery

<p>Cable regains traction on Friday and recovers after strong fall on Thursday and today’s extension that was contained just above strong supports provided by 100DMA and Fibo 38.2% of 1.2074/1.2813 (1.2537/30). Fresh risk mode that lifts US stocks in early Friday’s trading elevates sterling but record contraction of the UK economy (Apr GDP -20.4%) sours […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/302873-gbp-usd-outlook-fresh-risk-mode-boosts-pound-but-terrible-uk-gdp-may-limit-recovery/">GBP/USD Outlook: Fresh Risk Mode Boosts Pound But Terrible UK GDP May Limit Recovery</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>