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GBP/USD Forecast: downward risk prevails

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 21, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The consolidative phase in the GBP/USD pair continues this Thursday, with the pair still stuck below the 1.4200 figure, and near the almost 6-year low posted at 1.4124. The pair is expected to post a limited reaction to the ECB decision, and continue subdued to risk sentiment. There are no macroeconomic releases scheduled for today in the UK, which means market's attention will turn towards the US Philly manufacturing index and weekly unemployment claims to seek for direction. In the

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