Pound Sterling Price News and Forecast: GBPUSD hits new multi-month high as larger bulls resume
|GBP/USD offers are hovering around a key resistance
GBP/USD continued to climb on Thursday and reached the 1.2150s before moving lower into a consolidating during Thanksgiving where liquidity is thinner than usual. The US Dollar continues to extend its losses on Thursday after the minutes from the Federal Reserve's November meeting supported the view that the central bank would downshift and raise rates in smaller steps from its December meeting.
GBP/USD outlook: Cable hits new multi-month high as larger bulls resume
Cable extends advance above 1.21 mark on Thursday, hitting the highest since mid-August, following Wednesday’s 1.4% rally, which resulted in close above pivotal barriers at 1.2000/28 (psychological/former high of Nov 15. Fresh advance signals bullish continuation after larger uptrend was paused for consolidation.
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