GBP/USD Forecast: scope for further gains

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    The Sterling advanced against the greenback up to 1.4193 on Thursday, having shed some 50 pips in quiet Asian trading. The GBP/USD pair has been recovering ground in spite of poor UK data, as the downward rally fueled by fears of a Brexit, was largely overdone. But with no signs of recovering growth in the UK, the upside is still seen limited in the long term. Shorter term, however, the latest decline seems barely corrective, as the positive tone prevails in the 4 hours chart, with

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