Euro to pound exchange rate forecast: 5-Day Pound-to-Dollar X-Rate Forecast: Downtrend Ultimately Favoured

“Prices have remained under pressure, helped by Friday’s broader USD strength. As such, we are re-testing the medium-term range lows. A recovery back through 1.2560-1.2610 resistance is needed to alleviate the immediate pressure and suggest further range trading,” says Robin Wilkin, a cross-asset strategist with Lloyds Bank . “A decline and close below 1.2440 would be a new bearish dynamic and risk a deeper test of key longer-term support in the 1.22-1.20 region.”

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