GBPUSD continues yesterday's downward move started after Truss resigned as prime minister. In the last hour, we observe a slight recovery, but it may be irrelevant, taking into account the technical situation. Earlier, there was a break below the neckline of the potential head and shoulder formation, the range of which indicates a descent to around 1.09, which coincides with 50.0 Fibonacci retracement of the last upward wave.
Source: xStation5
BREAKING: Producer Inflation in Germany lower than expected
Morning wrap (20.10.2025)
Chart of the day - EURUSD (17.10.2025)
BREAKING: Final inflation reading matches expectations. Core HICP inflation marginally higher