Pressure on Pound Sterling elevates

  • Nov 13, 2019 GMT
  • Team Kalkine
  • On November 13 (Wednesday), the British currency plummeted 0.10% to $1.2831 against the US Dollar.
  • Currency pair GBP/USD traded below its short-term crucial support levels of 5-day, 10-day, 20-day and 50-day simple moving averages, respectively.
  • Also, the 14-day Relative Strength Index was tending towards the oversold zone from the neutral zone.

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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