Pound Sterling Price News and Forecast: GBP/USD remains depressed
|GBP/USD Price Analysis: Further downside hinges on 1.3655 break
GBP/USD bounces off intraday low to 1.3675 during Monday’s Asian session. Even so, the cable pair holds onto the previous week’s U-turn from the 200-DMA. In addition to the failures to cross the key moving average, easing bullish bias of the MACD and the overbought RSI conditions also hint at the GBP/USD pair’s further declines.
GBP/USD Weekly Forecast: Fired up by the Fed, focus now shifts to top-tier UK data
How low can the dollar go? The greenback tumbled in response to soothing words from the Federal Reserve and falling bond yields, an indirect result of warning words from other Fed officials. The focus now shifts to the UK, with economic indicators competing with the political drama.
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