GBP/USD Price Forecast: Faces rejection near 100-day SMA, holds above mid-1.2900s
The GBP/USD pair struggles to build on the previous day’s positive move and faces rejection near the 100-day Simple Moving Average (SMA) during the Asian session on Friday. Spot prices currently trade around the 1.2965-1.2960 region, down 0.15% for the day amid a modest US Dollar (USD) uptick, though the downside seems limited on the back of the Bank of England’s (BoE) hawkish stance.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]