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GBP/USD Forecast: Doors open for 1.45

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair strengthened on Thursday even though UK growth slowed to 1.9% from 2.1% as expected. The news saw Sterling rise to 1.4407 as investors had been braced for worse news. The details showed the service sector continued to do heavy lifting. The uptick in the index of services and a horribly weak US durable goods data also helped the pair end on a positive note. The pair clocked a high of 1.4407 before trimming gains to close around 1.4357. The main event today is the US preliminary

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