GBP/USD Review, June 22-26, 2020
22 June 2020
The currency pair plunged last week and has tested 1.2372. GBP/USD stays below this level at press time.
The main reason for this downtrend was the fears of investors about the situation with coronavirus in the US and the lack of positive about Brexit. The economic situation in the United Kingdom is far from being stable as well.
We expect the currency pair to develop the downtrend this week targeting 1.2108.
