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GBP/USD Forecast: consolidating at its lows

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 28, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound remains under pressure, hovering around 1.5300 against the greenback. The pair fell down to 1.5281 on Tuesday, mostly weighed by the weakness among commodities. With no data in the UK, market's attention is focused on the US FED's decision, to be released in the American afternoon. Given that the UK is also in the tightening path, the pair can post a sharp upward rally should the FED disappoint with a dovish stance, while a hawkish tone from the FOMC could see some

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