The Sterling is falling from an intraday resistance zone as the Dollar recovers some losses. Here is the GBPUSD Elliott wave analysis
The British pound has continued to plummet lower against US dollar as Brexit no-deal fears intensify across financial markets.
Cable drops after Manufacturing PMI failed to produce results while traders await the release of Services PMI
GBPUSD remains above 1.48 ahead of U.K CPI y/y after reaching a low of 1.4837 yesterday
GBPUSD breaks above 200 EMA on the daily chart with candles closing above 1.55 ahead of U.K Manufacturing Production m/m
Cable continues to fall below 1.54 with candles now lying just above the lower uptrend channel where we may see a possible reversal of the bearish run