Pound Sterling Price News and Forecast: GBP/USD: Bulls engage at fresh bear cycle lows

GBP/USD is down on the day and trading at 1.2330 currently. The pair has traveled from a high of 1.2387 to a low of 1.2308 so far. The price is moving into an area of potential support but while on the front side of the bearish trend, the bears are in control and there are prospects of a downside continuation if the bears commit. The following illustrates a couple of scenarios that respect the dynamic resistance lines and also the horizontal support area: Read More…

Further strength in the greenback weighs on the risk complex and drags GBP/USD to revisit the area of multi-week lows near 1.2330 on Thursday. Read More…

In the view of Economist Lee Sue Ann and Markets Strategist Que Ser Leang at UOB Group, GBP/USD still risks extra declines in the next few weeks. Read More…