During the Fed/BOE week, the GBP/USD trended downward. In response to the Bank of England’s warnings, cable prices fell to a 22-month low. A bearish flag on the daily chart indicates that US and UK GDP inflation will continue to rise. The weekly forecast for the GBP/USD remains strongly bearish after the BoE/Fed divergence and … Continued
The post GBP/USD Weekly Forecast: Worse Not Over, Bears Eying Inflation Data appeared first on Forex Crunch.