GBP/USD Forecast: Pound Sterling rebounds but remains below key resistance
GBP/USD builds on Friday’s gains and trades in positive territory comfortably above 1.3400 in the European morning on Monday. The pair’s technical outlook is yet to point to a bullish reversal in the short term.
The US Dollar (USD) struggles to find demand at the beginning of the week as the deadline for the US government shutdown looms. United States (US) President Donald Trump will meet with top congressional leaders from both parties later in the day to finalize a funding deal and avoid a shutdown. Read more…
GBP/USD Weekly Forecast: Pound Sterling to remain under pressure ahead of US Nonfarm Payrolls
The Pound Sterling (GBP) reversed early recovery gains and turned negative on the week against the US Dollar (USD), smashing GBP/USD to seven-week lows below 1.3350.
A broad-based US Dollar resurgence, combined with a cautious risk tone throughout the week and disappointing UK business PMI surveys, helped Pound Sterling sellers to strengthen their control. Read more…
