Home / Forex Analysis / GBP/USD Forecast: US Dollar Gaining Ground on Broad Risk Aversion

GBP/USD Forecast: US Dollar Gaining Ground on Broad Risk Aversion

The US dollar rallied on poor Chinese data. China’s economic recovery paused in July. BoE is expected to deliver a 50bps rate hike in the September meeting. The GBP/USD forecast is bearish as it continued to fall early Tuesday, approaching the 1.20255 region after falling on Monday. The near-term technical outlook’s bearish slant makes further … Continued
The post GBP/USD Forecast: US Dollar Gaining Ground on Broad Risk Aversion appeared first on Forex Crunch.
Read Full Story