The Relative Strength Index (RSI) indicator on the 4-hour chart rose slightly above 50 and GBP/USD stabilized ... ascending trend line). The Pound Sterling (GBP) is the oldest currency in the ...
However, the near-term outlook for Cable remains uncertain as the 50-day EMA continues to be a barrier for the Pound Sterling bulls, hovering around 1.2500. The 14-day Relative Strength Index (RSI ...
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Pound sterling slumps to $1.24 in the face of dominant dollarPound sterling fell sharply at the start of the year as a combination of weak economic data and divergent bets on the path of interest rates across the Atlantic contributed to a sell-off.
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