GBP/USD Forecast: Pound Sterling struggles to build on Friday’s rebound
GBP/USD finds it difficult to attract bulls in the European session on Monday and fluctuates below 1.3300. The pair’s near-term technical outlook doesn’t yet offer any convincing signs of a bullish reversal.
The broad-based selling pressure surrounding the US Dollar (USD) helped GBP/USD gain traction and allowed the pair to snap a six-day losing streak. Read more…
GBP/USD Weekly Outlook: Pound Sterling appears ‘sell-the-bounce’ trade ahead of BoE decision
The Pound Sterling (GBP) resumed its downside against the US Dollar (USD), smashing GBP/USD to the lowest level in two months below 1.3200. Although the pair recovered sharply on Friday, it ended the week in negative territory.
Snapping the previous week’s downtrend, the USD embarked on an impressive recovery rally against its major currency rivals as some major fundamental factors turned in its favor. Read more…
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