“Whether we get a fresh round of negative UK data, oil backs off its 200-week moving average or/and the VIX further pushes off its 200-week average, GBP will be due to retest $1.6280, then target $1.57.”
VIX, Oil, BRICS & Sterling’s Sell-Appeal : Ashraf Laidi
So far negative UK data and falling oil are playing out at the start of the week. And we see, GBP/USD below MT support and now at 1.6154.
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