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Back Fundamental analysis
GBP/USD. Analysis and Forecast
For the second consecutive day, the
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For the second consecutive day, the GBP/USD pair has remained in a sideways consolidation, fluctuating in a range above the 200-day SMA and the 20-day SMA, just above the psychological 1.3400 level. A mixed fundamental backdrop encourages caution when opening directional positions, as market participants are awaiting key U.S. macroeconomic releases. Today, the U.S. Personal Consumption Expenditures (PCE) index will be published, along with the final estimate of Q3 GDP growth, which should shed light on the outlook for the
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Irina Yanina,
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