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GBPUSD bounces away from seven-month low below 1.50

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 1, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The sentiment towards the Sterling/Dollar hit a new low on Monday after the currency pair dropped below 1.50 for the first time since April and fell to a fresh seven-month low at 1.4993. While part of the reason for the decline in the GBPUSD has been due to the resumption of USD strength throughout the currency markets, sentiment towards the Sterling has also been punished by Bank of England (BoE) Governor Carney dealing another blow to buyers by once again seeming to backtrack on the

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