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GBP/USD Forecast: limited declines, 1.4190 key

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The Pound is performing fairly well, despite dollar's broad strength, with the GBP/USD pair trading slightly lower daily basis around 1.4230. The pair advanced up to 1.4347 last Tuesday, as the UK CPI readings surprised to the upside, but was unable to sustain gains beyond the 1.4300 mark. With no data scheduled in the UK, sentiment is leading the way during this London session, generally positive amid strong Chinese data that suggests the economy is resuming growth. During the

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