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May, 23 - British pound is still in the center of traders' attention

GBP/USD has been a real pain for us for several days in a row. It has been attracting so much attention to itself because of the political instability in the country that is now flourishing with the new strength. We are now looking for at least something that can turn the situation to our favor. And GBP is not helping as the currency is now aiming for the position lower than $1.26 per pound which would be the lowest point for the British currency in months. And the situation is not looking as if it is going to recover any time soon. Unfortunately for us the couple is going lower and lower and there is nothing that we could do except to watch it go down as we are selling more and more of it.

 

gbpusd 23.05.2019

 

The downtrend is pretty strong even though we see some of the rebound at the moment. It is not likely that the recovery is going to stick until the whole crisis with Theresa May is going to resolve itself. Seems that we are just like GBP are waiting for Brexit crisis to be resolved.

 

Where will GBP/USD trading lead us? Trading signals are going to answer this question.

 

 

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