GBP/USD to weaken and challenge 1.26 over the coming weeks – HSBC GBPUSD BOE Inflation Positioning Banks
Positioning and valuations are a hindrance to further upside.
We look for GBP/USD to weaken and challenge the support at 1.26 over the coming weeks, while any moves above 1.30 are likely to be brief.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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