Pound Sterling tanks amid further trade war escalation optimism

  • Nov 28, 2019 GMT
  • Team Kalkine

Sterling declined by 0.04% to $1.2916 against the US greenback, amid further escalation optimism with the US President signing the Hong Kong Human Rights and Democracy Act, something which China considers a breach of its sovereignty.

In the November 28, trading session, currency pair GBP/USD crossed its short-term crucial support levels of 5-day, 10-day and 20-day simple moving averages.

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

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

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