Pound Sterling Price News and Forecast: GBP/USD tests key support as USD rallies

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling tests key support as USD rallies on US-China trade news

GBP/USD comes under strong bearish pressure to start the week and trades at its lowest level since mid-April below 1.3200. The positive sentiment surrounding the US Dollar (USD) suggests that the pair could have a difficult time staging a rebound in the near term.

The USD continues to gather strength against its rivals after starting the week on a bullish note. The USD Index, which tracks the USD's performance against a basket of six major currencies, was up more than 1% on the day above 101.50 at the time of writing. Read more...

GBP/USD Weekly Outlook: Pound Sterling looks to resume uptrend in data-packed week

The Pound Sterling (GBP) erased weekly gains versus the US Dollar (USD) after the GBP/USD pair breached the critical 1.3290 support.

The bearish momentum around the GBP/USD pair regained traction in the second half of the week as demand for the US Dollar re-emerged following a weak start. Read more...

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