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January, 28 - GBP/USD fell even lower

Chinese coronavirus that we have already discussed today and which has really got in the way of Apple production line is in the spotlight once again. But now, because it is sending the world markets lower and lower, prompting traders and investors to steer clear from the assets which can cost them their winnings. And that, unfortunately, includes GBP – a currency that is going to take a serious hit in the end of the week as it is.

 

gbpusd 28.01.2020

 

Brexit is approaching. On Friday UK is going to enter transition period, that is going to last until the end of the year. During this time UK and EU are going to have to settle new rules in economic and political relations. Surely, that in itself was going to be enough to knock GBP/USD chart down. But, with the world markets slowing down and risk hunger dying out, it is now safe to say that GBP is the asset no one wants.

 

Downtrends that have been plaguing the chart for GBP/USD has only got worse with this decline. Of course, we have to understand that there is every possibility in the world that GBP is not going to see recover for a long time to come, so we have to be ready for that.

 

Are you ready to face tough times for GBP/USD? Well, you will be with our trading signals!

 

 

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