Pound extends losses for the third consecutive day

  • Dec 19, 2019 GMT
  • Team Kalkine
  • Escalated uncertainties over potential Brexit comprehensive deal by the end of 2020, has sent Pound Sterling lower for the third consecutive day, at the time of writing at 03:20 PM GMT, GBP traded 0.0044 pence or 0.34% lower against US Dollar to 1.3032.
  • The currency also, traded below the crucial short-term and long-term support levels of 50-day and 200-day SMAs, which is perceived to be an unfavourable technical trend.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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