Home / Forex Analysis / GBP: On Balance, Risk Remains Skewed To The Downside For The Pound N-Term – MUFG

GBP: On Balance, Risk Remains Skewed To The Downside For The Pound N-Term – MUFG

What is the outlook for GBP in the near-term? Here is their view, courtesy of eFXdata: MUFG Research maintains a bearish bias on GBP in the near-term. “The pound remains under downward pressure although it has found some support at least temporarily in the near-term with cable holding above its 200-day moving average at 1.2735 and […] The post GBP: On Balance, Risk Remains Skewed To The Downside For The Pound N-Term – MUFG appeared first on Forex Crunch.

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