CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

❕GBPUSD at the key level ⛔

08:22 11 September 2020

Can the pound recoup recent losses?

GBPUSD has been in a free-fall as of late despite overall weakness of the US dollar. The British pound came under pressure when UK PM Johnson said he wanted a deal with the EU until 15 October or no deal at all. With a list of issues to be resolved (with the Irish border on top of it) it looks unrealistic and markets started to price in a negative scenario of chaos in economic relations with the EU starting from next year. Only yesterday GBPUSD slid by full 200 points.

Fast forward to present and the GBPUSD is trying to rebound from the “last chance support” of 1.2775 – a local high from early June reinforced by 150day moving average. As we can see, the recent slide has already exceeded previous corrections so this could be a make or break for the pair. Buyers got some early momentum from decent manufacturing data for July this morning, but talks with the EU will be critical here.

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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