Pound / dollar bears don’t want to slow down


Pound sterling to US dollar exchange rate

Despite the active growth of the dollar rate last week, the GBPUSD quotes remain in an upward trend. There is no agreement between the EU and London yet, two weeks are left until the end of the negotiations.

Experts say that relief from the UK is felt, and they hope for the best, but as long as there is no concrete agreement, everything may end differently. The trade agreement and its equality are a stumbling block for the parties, while everyone is in their positions, but the discussions are very active.

Technically, the GBPUSD rising channel did not break through, but judging by such activity of the bears, any negative hint will create a sharp downward movement.

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