Pound Sterling Price News and Forecast: GBP/USD consolidates the recovery below 1.3500
GBP/USD testing offers near 1.3500 as Brexit concerns intensify
GBP/USD appears to pause its recovery from two-month lows of 1.3424 in early Asian dealings on Monday, as Brexit concerns are seen returning, spoiling the party for the GBP trading. The 1.3500 remains a tough nut to crack for the GBP bulls, as the Irish Foreign Minister Simon Coveney warned against the UK government’s readiness to trigger Article 16 of Northern Ireland.
GBP/USD Weekly Forecast: UK growth and US inflation data leave no room to rest after the crash
The first week of November has been one to remember – a crash of nearly 300 pips due to BOE’s “close call” to refrain from raising rates and the Fed’s expected, yet marginally hawkish tapering decision. Politics on both sides of the pond may now move from the back burner to the fore.