Pound Sterling Price News and Forecast: GBP/USD trades virtually unchanged
|GBP/USD remains defensive near 1.3650 amid steady USD, Fed eyed
GBP/USD remains muted on Wednesday morning following the previous day’s sluggish momentum. The pair confides in a very narrow trade band with no meaningful traction. Supply-chain bottlenecks, higher gas prices limited gains for sterling.
GBP/USD Forecast: Recovery could end in a screeching halt on a trio of central bank uncertainties
Cable has failed to recapture the broken support line – and that already implies it is set to continue falling. The 1.3730 level provided support twice in recent months and the decisive 90-pip plunge indicates recapturing it will be a struggle.
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