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GBP/USD Forecast: Pound Sterling not out of the woods yet

by GBP Editor
May 26, 2023
in GBP
Reading Time: 1 min read

GBP/USD has recovered to the 1.2350 area early Friday. US PCE inflation data will be watched closely by market participants. Near-term technical outlook suggests that the bearish bias stays unchanged.

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GBP Editor
Latest posts by GBP Editor (see all)
  • GBP/USD Price Analysis: Cable bulls run out of steam as 50-DMA prods upside near 1.2450 - May 31, 2023
  • Pound Sterling Price News and Forecast: GBP/USD has printed a fresh weekly high at 1.2450 - May 31, 2023
  • GBP/JPY Price Analysis: Treads water around 173.20s, but keeps its bullish bias - May 31, 2023
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