Welcome investors,
As we close this weekly trade, our attention is directed towards the GBP/USD currency pair. What is worth noting is the stability, with price fluctuating around the 1.261 unit, accurately reflecting our draw forecast of a sideways trend from today past.
During the second half of the week, we found the US Dollar exerting pressure on the GBP/USD pair. Comments from midweek by Federal Reserve Governor Christopher Waller indicated that the Fed has no end in sight to reducing interest rates amid the excess formula. He emphasized that a precise stretch knot may be required to provide the desired 2% stability.
In the current situation, the GBP/USD pair maintains its hardware unchanged, continuing to forecast a slight downtrend by correcting downwards towards the 1.267 area. Looking ahead to next week, sellers may look for opportunities to strengthen around 1,251 support.
As we close this weekly trade, our attention is directed towards the GBP/USD currency pair. What is worth noting is the stability, with price fluctuating around the 1.261 unit, accurately reflecting our draw forecast of a sideways trend from today past.
During the second half of the week, we found the US Dollar exerting pressure on the GBP/USD pair. Comments from midweek by Federal Reserve Governor Christopher Waller indicated that the Fed has no end in sight to reducing interest rates amid the excess formula. He emphasized that a precise stretch knot may be required to provide the desired 2% stability.
In the current situation, the GBP/USD pair maintains its hardware unchanged, continuing to forecast a slight downtrend by correcting downwards towards the 1.267 area. Looking ahead to next week, sellers may look for opportunities to strengthen around 1,251 support.
