GBPUSD continues losing streak, should sell?
Darius hello everyone, let's comment on the GBP/USD pair today.
This week is a heavy week for the GBP/USD pair as both the Federal Reserve (Fed) and the Bank of England (BoE) are preparing to make interest rate decisions mid-week. The British Pound (GBP) is fighting for its position against the US Dollar (USD) as investors prepare their positions.
Technically, the GBP/USD exchange rate was trading sideways earlier this week. Darius puts it this way: The pair started near 1.2400 and has struggled to find momentum since. The day's action shows the exchange rate has fluctuated between 1.2400 and 1.2380.
This week is a heavy week for the GBP/USD pair as both the Federal Reserve (Fed) and the Bank of England (BoE) are preparing to make interest rate decisions mid-week. The British Pound (GBP) is fighting for its position against the US Dollar (USD) as investors prepare their positions.
Technically, the GBP/USD exchange rate was trading sideways earlier this week. Darius puts it this way: The pair started near 1.2400 and has struggled to find momentum since. The day's action shows the exchange rate has fluctuated between 1.2400 and 1.2380.
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