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GBP USD Technical Analysis

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair fell to the falling channel support of 1.4956 before trimming losses to end the day on a weak note at 1.5006 levels. A weaker-than-expected UK manufacturing report scared the investors out of the Sterling. Meanwhile, the buying the EUR/GBP cross amid the risk-off in the equity markets also weighed over Cable. Talk of UK current account trouble gaining pace as expected The British Chambers of Commerce also lowered growth forecast for the three years from 2015 to 201 and noted

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