Pound Sterling Price News and Forecast: GBP/USD battles key supports as sellers poke 1.3460
|GBP/USD Price Analysis: 200-SMA, monthly support test bears post-Fed
GBP/USD battles key supports as sellers poke 1.3460 during early Thursday. The cable pair broke the 200-SMA following the US Federal Reserve’s (Fed) hawkish verdicts. However, clear trading beneath the same becomes necessary to convince the bears.
GBP/USD Forecast: Pound finds its footing on improving sentiment, stays fragile
GBP/USD has snapped a three-day losing streak on Tuesday and closed modestly higher near 1.3500, around which it continues to move sideways early Wednesday. The slight improvement witnessed in risk mood seems to be allowing the British pound to find some demand but the pair remains at the mercy of the dollar's market valuation.
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