GBP/USD remains under pressure - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Valeria Bednarik, chief analyst at FXStreet explained that the British Pound remained under selling pressure.

    Key Quotes:

    "The GBP/USD pair was treading water around the 1.4000 figure ahead of the US opening, before finally bouncing back over 150 pips, to post a daily high of 1.4170.

    There was no catalyst behind the pair's decline, except renewed fears over a Brexit, which ultimately are forcing speculators to reduce their exposure to UK assets.

    The pair pulled back after the FOMC Minutes resulted less dovish than expected, and closed the day in the red."
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