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Pound
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GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
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USD/JPY: What’s next after government intervention for yen?
Can the yen fall more despite the government’s efforts?
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-meet-our-team-fawad-razaqzada-125x125.png?h=125&w=125&hash=FDE6A3C8A5A8CA13E4697841584D449E)
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Is the weak pound making UK stocks a bargain for foreign investors?
Is the weak pound and low valuations making British businesses attractive to overseas investors?
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-josh-warner-125x125.png?h=125&w=125&hash=92C8B826B6A55A9F579FA2355BAF41ED)
Why trade with City Index?
Tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Award-winning platforms with fast and secure execution.
![N_A_Promo_Block_BG_Comp](/en-sg/-/media/project/gain-capital/city-index/background-gradients/na-promo-block.jpg?h=431&iar=0&w=364)
![](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/brexit1.jpg?h=300&w=1170&hash=440D87970B1E15D2BEEEE62BF1D5FAAD)
Is the weak pound making UK stocks a bargain for foreign investors?
Is the weak pound and low valuations making British businesses attractive to overseas investors?
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-josh-warner-125x125.png?h=125&w=125&hash=92C8B826B6A55A9F579FA2355BAF41ED)
![Downtrend arrow](/en-sg/-/media/research/global/news-analysis/featured-image/2021/07/downtrend-3v2.jpg?h=300&w=1170&hash=5B0FD51618FBB592948930067FB9EF7C)
The pound is sent into the ground during thin Asian trade
The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record low.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
![N_A_Promo_Block_BG_Comp](/en-sg/-/media/project/gain-capital/city-index/background-gradients/na-promo-block.jpg?h=431&iar=0&w=364)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
![Multiple Euro bank notes in 20€, 50€ and 100€](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/forex5v2.jpg?h=300&w=1170&hash=A031D7D37542CC7FC46E1B04C4F93972)
GBP/USD Forecast: The Pound Drops to Levels Not Seen Since 2023
GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/julian-pineda-headshot.png?h=250&w=250&hash=33F315A288FAF69EE93BECDC23659D62)
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