GBPUSD hit a seven-year low overnight and is now in reach of a key psychological barrier at 1.40. The IMF helped propel Asian equities towards a hideous session after it downgraded global growth forecasts for 2016 and 2017 on the back of China woes and the ongoing rout of oil.
from Mads Koefoed - Authored content https://www.tradingfloor.com/posts/morning-markets-seven-year-low-in-gbpusd-puts-140-dead-ahead-6922684?utm_medium=tf4-feed&utm_source=extract
Morning Markets: Seven-year low in GBPUSD puts 1.40 dead ahead
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