GBP/USD Forecast: Dollar Support Returns as Cable Tests Its Conviction
The GBP/USD forecast edges lower as risk sentiment deteriorates, leading to increased flows to the safe-haven dollar. Pound’s downside remains limited amid Cautious BoE and accommodative Fed. Technically, 100-MA holds from further losses, but bearish pressure remains intact. After a brief bearish gap, GBP/USD began the new week cautiously, slightly falling below the mid-1.3400s. Although…
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