The British Pound looked strong this week and the currency pair has reached the resistance area at 1,3250. However, today the price reversed.
Fundamental shows that the currency pair has few chances to develop significant upside progress as the Bank of England is still not ready to change the monetary policy.
Moreover, risks of hard Brexit push the currency pair lower. We think that those two factors will influence fluctuations in the nearest future.
As for USD, we have given a clear picture in our EUR/USD review. Does GBP/USD still looks promising? Nope, we think that the currency pair is able to make some more points next week, but without any significant growth. The price is likely to stop close to 1,3250.
Fundamental shows that the currency pair has few chances to develop significant upside progress as the Bank of England is still not ready to change the monetary policy.
Moreover, risks of hard Brexit push the currency pair lower. We think that those two factors will influence fluctuations in the nearest future.
As for USD, we have given a clear picture in our EUR/USD review. Does GBP/USD still looks promising? Nope, we think that the currency pair is able to make some more points next week, but without any significant growth. The price is likely to stop close to 1,3250.