Pound Sterling Price News and Forecast: GBP/USD stays pressured around yearly low

FXStreet Team FXStreet

GBP/USD Price Analysis: Bears aim for 1.3290-75 key support zone

GBP/USD grinds lower around the yearly bottom surrounding 1.3320 amid the initial Asian session on Thursday, after declining for consecutive four days. Given the cable pair’s failures to rebound following the downside break of the September 2020 high, coupled with the bearish MACD signals, sellers are likely to keep the reins.

GBP/USD extends to four consecutive days its losses, hovers around 1.3330s ahead of FOMC minutes

The British pound continues its free-fall, down for the fourth consecutive day, reaching a new year-to-date low around 1.3324, down some 0.34%, trading at 1.3334 during the New York session at the time of writing. On Wednesday, the market sentiment is downbeat, as portrayed by US equity indices falling. In turn, FX risk-sensitive currencies like the GBP, the AUD, and the NZD, record losses in the day against the greenback.

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