Fx News

GBP/USD: Scope for a “stress test” of parity – Credit Suisse

London skyscrapers skyline view. See portfolio for more images of London city.

GBP/USD fell temporarily beneath the key awesome lows of 1985. Economists at Credit Suisse hold their poor outlook and see scope for a “stress test” of parity.

GBP/USD will strive to discover a flooring at 0.9895
“We continue to be bearish for a sustained pass under 1.0463 for a take a look at of the key parity psychological level. With Fibonacci projection help no longer a ways under at 0.9895, we would seem for an try to discover a ground here. Should weak point immediately lengthen though, we would see aid subsequent at 0.9535.”

“Resistance at 1.1409/91 ideally caps, even though solely a shut again above 1.1739 would increase the prospect of a doubtlessly extra vital low.”

 

Related posts
Fx News

USD/CHF clings to mild gains above 0.9200 ahead of Swiss ZEW data, SNB Quarterly Bulletin

USD/CHF grinds greater after posting the largest each day positive aspects in two weeks. US Dollar…
Read more
Fx News

BioNTech is ripe for a rebound in 2023

BioNTech had a robust quarter no matter slowing COVID sales. A strong pipeline makes it a takeover…
Read more
Fx News

European Banking Authority: Risks in the financial system remain very high

Jose Manuel Campa, Chairman of the European Banking Authority (EBA), warned in the German…
Read more
Newsletter
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *