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Cable Hits Record Low, Parity Next?

Name: Cable Hits Record Low, Parity Next?
Uploaded: 2022-09-26
Channel: David Kindley
Description: The pound dropped to an all-time low against the US dollar today.Markets opened the weekend after the new Chancellor proposed a tax cuts budget and further borrowing, which spooked markets and raised fears of a UK recession.The greenback is also stre

By David Kindley Last updated Oct 24, 2025 415 0

The pound dropped to an all-time low against the US dollar today.

Markets opened the weekend after the new Chancellor proposed a tax cuts budget and further borrowing, which spooked markets and raised fears of a UK recession.

The greenback is also strengthening against other world currencies, such as the Yen.

Will we now see parity on Cable, or will a rebound save the sterling?

Timestamps
GBPUSD 01:30
EURUSD 02:50

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David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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