Skip to main content

GBP/USD falls below 1.2500 as Dollar extends gains across the board

The break below 1.0695 in the EUR/USD is now extending further and just delivered a drop below 1.0660. At the same time the Pound has fallen further and dropped below the 1.2500 handle for the first time since November last year. The low seen a moment ago was set at 1.2489. The technically negative close last night at 1.2553 was once again below the 200 day moving average (now at 1.2584). There does not appear to be much in the way of technical levels to pinpoint this side of 1.22 to be honest, but of course that is not to say the Pound is headed back there. The GBP/USD is currently trading at 1.2495 and the further fall is helping the FTSE 100 to maintain its push higher this morning 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!