Pound Sterling Price News and Forecast: GBP/USD remains vulnerable
|GBP/USD rebounds from 1.2200 on improved risk appetite, UK GDP in focus
The GBP/USD pair has sensed buying interest after correcting to near the critical support of 1.2200. The asset is aiming to recapture its six-week high at 1.2293 as investors’ risk appetite has improved dramatically after a significant decline in the US inflation rate.
GBP/USD: Pound remains vulnerable, could break under 1.20 again
Despite the broad-based slide of the US dollar on Wednesday following the US CPI, analysts at Rabobank still see the GBP/USD vulnerable to the downside and warn it could drop back again under 1.20 on a one to three-month view.
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