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Live Updates  >  Live Update Details

2025-10-29 16:54:48

[Pound Sterling Plunges Below Key Support! Three Warning Signs for New Year's Lows] ⑴ The pound sterling continued its decline against the dollar, breaking below the 200-day moving average and currently trading near a three-month low. ⑵ The bearish outside pattern formed on Tuesday reinforced the downward bias, technically supporting a bearish outlook. ⑶ Market risks remain, and the exchange rate may further test the year's low of 1.3140. ⑷ Goldman Sachs' latest forecast indicates that the institution expects the Bank of England to announce an interest rate cut at its November policy meeting. ⑸ The interest rate market currently prices in a 33% probability of a rate cut, indicating that the market has begun to digest some easing expectations. ⑹ If the Bank of England unexpectedly decides to cut interest rates, the pound sterling may face pressure to fall towards the 1.30 level against the dollar.

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Instrument Current Price Change

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3990.66

-10.50

(-0.26%)

XAG

47.738

-0.321

(-0.67%)

CONC

60.15

-0.90

(-1.47%)

OILC

63.99

-0.82

(-1.27%)

USD

99.990

0.126

(0.13%)

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1.1501

-0.0017

(-0.15%)

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1.3060

-0.0079

(-0.61%)

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0.0024

(0.03%)

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