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GBP/USD Forecast: ranging, but still bearish

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Major European currencies trade within limited ranges against the greenback ever since the day started, and the GBP/USD pair is no exception. The pair trades flat around the 1.4140/60 region, with the Pound being weighed by Brexit fears, as the latest polls show a tie between those voting to stay and those voting to leave. But mostly, it was a dollar week, as bears took a step back. The greenback corrected higher against most of its major rivals, with the exception of commodity

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