GBP/USD Price Analysis: Bears brace for 1.3600
GBP/USD stays pressured around 1.3670 during the early Asian session on Monday. The cable pair kept Thursday’s pullback from 50-SMA to contribute towards a three-week downtrend by the end of Friday.
In addition to the failures to cross a short-term moving average, the signal line of the MACD teasing a bear cross and also adds to the expectations of witnessing the pair’s further downside.
GBP/USD Weekly Forecast: Rate laurels go the the US Federal Reserve
The Bank of England and the Federal Reserve are on the same rate page in the central bank policy book, but the US institution appears to be a few paragraphs ahead. Two meetings this week indicated that the Bank of England (BOE) and the Fed are moving to curtail and then end their extraordinary bond purchases.
This article was originally published by Fxstreet.com. Read the original article here.